Audit 329098

Accounting Policies: Note A: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Fish Enhancement Group and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the rquirements 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. Note B: Summary of Significant Accounting Policies: Expenditures reports on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization does not charge indirect costs. Note C: Contract Amount: The contract amount represents the total grant award for the period indicated. De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.