Title: Basis for Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Cloverdale Rancheria of Pomo Indians of California and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2.
U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Rancheria, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Rancheria.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The Rancheria has elected not to use 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Cloverdale Rancheria of Pomo Indians of California and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2.
U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Rancheria, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Rancheria.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Cloverdale Rancheria of Pomo Indians of California and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2.
U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Rancheria, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Rancheria.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The Rancheria has elected not to use 10% de minimis indirect cost rate.
For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The Rancheria has elected not to use 10% de minimis indirect cost rate.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Cloverdale Rancheria of Pomo Indians of California and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2.
U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Rancheria, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Rancheria.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The Rancheria has elected not to use 10% de minimis indirect cost rate.
Expenditures reported in 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.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Cloverdale Rancheria of Pomo Indians of California and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2.
U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Rancheria, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Rancheria.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The Rancheria has elected not to use 10% de minimis indirect cost rate.
Of the federal expenditures presented in the schedule, the Rancheria provided no awards to subrecipients.