Title: General
Accounting Policies: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following, as applicable, either the cost principles in Office of Management and Budget
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Auditee used the approved negotiated indirect cost rate,
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of Arctic Slope Native Association, Limited (the Association) under programs of the federal
government for the year ended September 30, 2024. The information in the 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
Association, it is not intended to and does not present the financial position, changes in net assets or cash
flows of the Association.
Title: Basis of Accounting
Accounting Policies: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following, as applicable, either the cost principles in Office of Management and Budget
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Auditee used the approved negotiated indirect cost rate,
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following, as applicable, either the cost principles in Office of Management and Budget
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
business to amounts reported as expenditures in prior years.
Title: Non Cash Awards
Accounting Policies: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following, as applicable, either the cost principles in Office of Management and Budget
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Auditee used the approved negotiated indirect cost rate,
The Association received no federal noncash awards during the year ended September 30, 2024.
Title: Indirect Cost Rate
Accounting Policies: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following, as applicable, either the cost principles in Office of Management and Budget
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Auditee used the approved negotiated indirect cost rate,
The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: Personal Protective Equipment
Accounting Policies: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following, as applicable, either the cost principles in Office of Management and Budget
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Auditee used the approved negotiated indirect cost rate,
The Association has not received any donated personal protective equipment (PPE).