Notes to SEFA
Title: MISSING PASSTHROUGH ENTITY INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of the Grand Traverse Band of Ottawa and Chippewa Indians (the "Band") under programs of the federal government for the year ended September 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 the Band, it is not intended to and does not present the financial position, changes in net position or cash flows of the Band. Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Band's financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Instances where passthrough entities did not provide passthrough grantor identifications numbers are identified on the schedule as "n/a".
Title: RECONCILIATION OF THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of the Grand Traverse Band of Ottawa and Chippewa Indians (the "Band") under programs of the federal government for the year ended September 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 the Band, it is not intended to and does not present the financial position, changes in net position or cash flows of the Band. Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Band's financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
See notes to the SEFA table.