Title: BASIS FOR PRESENTATION
Accounting Policies: Basis for Presentation, Program Costs, De-Minimis Cost Rate, No Indirect Program Costs and Sub-recipients
De Minimis Rate Used: N
Rate Explanation: Hood Canal Salmon Enhancement Group elected to not use the 10-percent de minims indirect cost rate under the Uniform Guidance.
The accompanying schedule of federal expenditures of federal awards includes the federal grant activity of Hood Canal Salmon Enhancement Group and is presented on the accrual basis of accounting. The
information in this schedule is presented in accordance with 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: PROGRAM COSTS
Accounting Policies: Basis for Presentation, Program Costs, De-Minimis Cost Rate, No Indirect Program Costs and Sub-recipients
De Minimis Rate Used: N
Rate Explanation: Hood Canal Salmon Enhancement Group elected to not use the 10-percent de minims indirect cost rate under the Uniform Guidance.
Direct award expenditures followed the cost principle contained in Title 2 U.S. Code of Federal Regulations Part 200, uniform administrative requirements, cost principles, and audit requirements for federal awards
Title: DE-MINIMIS COST RATE
Accounting Policies: Basis for Presentation, Program Costs, De-Minimis Cost Rate, No Indirect Program Costs and Sub-recipients
De Minimis Rate Used: N
Rate Explanation: Hood Canal Salmon Enhancement Group elected to not use the 10-percent de minims indirect cost rate under the Uniform Guidance.
Hood Canal Salmon Enhancement Group elected to not use the 10-percent de minims indirect cost rate under the Uniform Guidance.
Title: NO INDIRECT PROGRAM COSTS
Accounting Policies: Basis for Presentation, Program Costs, De-Minimis Cost Rate, No Indirect Program Costs and Sub-recipients
De Minimis Rate Used: N
Rate Explanation: Hood Canal Salmon Enhancement Group elected to not use the 10-percent de minims indirect cost rate under the Uniform Guidance.
Hood Canal Salmon Enhancement Group did not charge any indirect costs for this grant program.
Title: SUB-RECIPIENTS
Accounting Policies: Basis for Presentation, Program Costs, De-Minimis Cost Rate, No Indirect Program Costs and Sub-recipients
De Minimis Rate Used: N
Rate Explanation: Hood Canal Salmon Enhancement Group elected to not use the 10-percent de minims indirect cost rate under the Uniform Guidance.
Hood Canal Salmon Enhancement Group had no sub-recipients of federal funds in the year ended December 31, 2023.