Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Ely Shoshone Tribe has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of the Ely Shoshone Tribe 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 the Ely Shoshone Tribe, it is not intended to and does not present the financial position,
changes in net position, or cash flows of the Ely Shoshone Tribe.
Title: Basis of Accounting
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Ely Shoshone Tribe has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
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 allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Ely Shoshone Tribe has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Ely Shoshone Tribe has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Ely Shoshone Tribe has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
There are no subrecipients
Title: Outstanding Federal Loans
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Ely Shoshone Tribe has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The federal loan balances outstanding at December 31, 2023, are $179,829 and $575,752 under assistance
listing 10.766.