Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: Nome Eskimo Community has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Nome Eskimo Community under programs of the federal government for the year ended December 31, 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). Because the Schedule presents only a selected portion of the operations of Nome Eskimo Community, it is not intended to and does not present the basic financial statements of Nome Eskimo Community.
Title: Note 3. Passed Through Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: Nome Eskimo Community has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance.
Of the federal expenditures presented in the schedule, Nome Eskimo Community provided federal awards to sub recipients as follows:
Recipient Program Amount
Nome Community Center ALN 21.027 – State and Local Fiscal Recovery Funds $ 50,000