Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported on the Schedule are reported on 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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of Federal and State awards (Schedule) includes all of the Federal and State grant and contract activity of Small Tribes Organization of Western Washington (STOWW) under programs of the Federal Government and State of Washington 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 only presents a select portion of the operations of STOWW, it is not intended to and does not present the financial position, changes in net assets, or cash flows of STOWW.