Audit 30796

Accounting Policies: Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Northwest Indian Fisheries Commission under programs of the federal government for the year ended September 30, 2022. The information on 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 the Commission, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Commission. Basis of Accounting - Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.Indirect Cost rate The Commission received a fixed carryforward indirect cost rate from the Department of Interior National Business Center and did not elect to use the de minimis indirect cost rate of 10% allowed by 2 CFR Part 200.414(f). De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.