Notes to SEFA
Accounting Policies: NOTE 1 BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Native Forward Scholars Fund under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of American Indian Graduate Center, Inc., it is not intended to and does not present the combined financial position, activities and changes in net assets, or cash flows of Native Forward Scholars Fund.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.