Notes to SEFA
Title: GENERAL INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Tribe did not elect to use the de minimis indirect cost rate. The Tribe negotiated to use a 26.52% indirect cost rate.
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial
assistance programs of the Kaibab Band of Paiute Indians (the Tribe). The reporting entity of the Tribe is
defined in Note 2 to the Tribe's financial statements. All federal assistance subject to the single audit act,
whether directly received or passed through other governments or agencies, is included in this schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Tribe did not elect to use the de minimis indirect cost rate. The Tribe negotiated to use a 26.52% indirect cost rate.
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis
of accounting, which is described in Note 2 to the Tribe's financial statements. 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.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Tribe did not elect to use the de minimis indirect cost rate. The Tribe negotiated to use a 26.52% indirect cost rate.
The Tribe did not provide federal award funds to any subrecipients during the year ended December 31, 2023.
Title: RELATIONSHIP TO GRANTS AND CONTRACTS REVENUES ON FINANCIAL
STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Tribe did not elect to use the de minimis indirect cost rate. The Tribe negotiated to use a 26.52% indirect cost rate.
See page 38 of Audit Report
Title: INDIRECT COST
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Tribe did not elect to use the de minimis indirect cost rate. The Tribe negotiated to use a 26.52% indirect cost rate.
The Tribe did not elect to use the de minimis indirect cost rate. The Tribe negotiated to use a 26.52% indirect
cost rate.