Audit 31372

Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Senior Citizens of Kodiak, Inc. (the Organization) 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 Administration Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the Organization's financial statements. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget Circular A-122, Cost Principles for Nonprofit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect RateThe Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.Provider Relief Fund Provider Relief Fund (ALN Number 93.498) - The Organization received reimbursements of expenditures and lost revenues from the US. Department of Health and Human Services pursuant to the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) totaling $33,911 during the year ended June 30, 2021. Pursuant to the 2022 Compliance Supplement, the amount reported on the Schedule for the Provider Relief Fund for fiscal year ending June 30, 2022 is based upon the Period 2 report submitted to the U.S. Department of Health and Human Services, which covers funds received between July 1, 2020 to December 31, 2020.Other Expenditures Not Yet Reported - The Organization received reimbursements of expenditures and lost revenues from the US. Department of Health and Human Services pursuant to the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) totaling $13,810 during the year ended June 30, 2022. Pursuant to the 2022 Compliance Supplement issued by the OMB, such amounts are not reported on the Schedule until fiscal year ending June 30, 2023 for the Organization. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.