Notes to SEFA
Title: Outstanding Loan Balances
Accounting Policies: The accompanying schedule of federal expenditures includes the activity of all federally assisted programs of the Chickahominy Indian Tribe (the “Tribe”) and is presented on the cash basis of accounting, as described in Note 2 to the Tribe’s financial statement. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on this schedule.
De Minimis Rate Used: Y
Rate Explanation: The entity elected to use the 10% de minimis indirect cost rate.
At December 31, 2023, the Tribe had no outstanding loan balances requiring continuing disclosure.
Title: Return of Unused Funding
Accounting Policies: The accompanying schedule of federal expenditures includes the activity of all federally assisted programs of the Chickahominy Indian Tribe (the “Tribe”) and is presented on the cash basis of accounting, as described in Note 2 to the Tribe’s financial statement. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on this schedule.
De Minimis Rate Used: Y
Rate Explanation: The entity elected to use the 10% de minimis indirect cost rate.
During 2023, the Tribe returned $318,000 of unused funding related to Treasury Emergency Rental Assistance (ALN 21.023). This amount is not considered federal expenditures and is not reflected on the SEFA.