Title: General
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the North Pacific Research Board (NPRB) under programs of the federal government for the year ended September 30, 2023. 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). Federal awards received directly from federal agencies as well as federal awards passed through other organizations are included
on the schedule. Because the schedule presents only a selected portion of the operations of NPRB, it is not intended to and does not present the financial position, changes in net position, or cash flows of NPRB.
The schedule of expenditures of federal awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Subrecipient expenditures are recognized when disbursed. For the year ended September 30, 2023, there were
$1,808,091 of subrecipient expenditures reported in the financial statements but not yet reported on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: NPRB is not eligible to collect indirect costs.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the North Pacific Research Board (NPRB) under programs of the federal government for the year ended September 30, 2023. 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). Federal awards received directly from federal agencies as well as federal awards passed through other organizations are included on the schedule. Because the schedule presents only a selected portion of the operations of NPRB, it is not intended to and does not present the financial position, changes in net position, or cash flows of NPRB.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the North Pacific Research Board (NPRB) under programs of the federal government for the year ended September 30, 2023. 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). Federal awards received directly from federal agencies as well as federal awards passed through other organizations are included
on the schedule. Because the schedule presents only a selected portion of the operations of NPRB, it is not intended to and does not present the financial position, changes in net position, or cash flows of NPRB.
The schedule of expenditures of federal awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Subrecipient expenditures are recognized when disbursed. For the year ended September 30, 2023, there were
$1,808,091 of subrecipient expenditures reported in the financial statements but not yet reported on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: NPRB is not eligible to collect indirect costs.
The schedule of expenditures of federal awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Subrecipient expenditures are recognized when disbursed. For the year ended September 30, 2023, there were $1,808,091 of subrecipient expenditures reported in the financial statements but not yet reported on the Schedule of Expenditures of Federal Awards.
Title: Loan Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the North Pacific Research Board (NPRB) under programs of the federal government for the year ended September 30, 2023. 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). Federal awards received directly from federal agencies as well as federal awards passed through other organizations are included
on the schedule. Because the schedule presents only a selected portion of the operations of NPRB, it is not intended to and does not present the financial position, changes in net position, or cash flows of NPRB.
The schedule of expenditures of federal awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Subrecipient expenditures are recognized when disbursed. For the year ended September 30, 2023, there were
$1,808,091 of subrecipient expenditures reported in the financial statements but not yet reported on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: NPRB is not eligible to collect indirect costs.
NPRB has not entered into any federal loan programs.
Title: Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the North Pacific Research Board (NPRB) under programs of the federal government for the year ended September 30, 2023. 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). Federal awards received directly from federal agencies as well as federal awards passed through other organizations are included
on the schedule. Because the schedule presents only a selected portion of the operations of NPRB, it is not intended to and does not present the financial position, changes in net position, or cash flows of NPRB.
The schedule of expenditures of federal awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Subrecipient expenditures are recognized when disbursed. For the year ended September 30, 2023, there were
$1,808,091 of subrecipient expenditures reported in the financial statements but not yet reported on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: NPRB is not eligible to collect indirect costs.
NPRB has not elected to use the de minimis 10% indirect cost rate.