Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The
Rancheria has elected not to use 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal
grant activity of Cloverdale Rancheria of Pomo Indians of California and is presented on
the modified accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of Title 2.
U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,
Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Because the Schedule presents only a selected portion of the operations of the
Rancheria, it is not intended to and does not present the financial position, changes in
net position, or cash flows of the Rancheria.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The
Rancheria has elected not to use 10% de minimis indirect cost rate.
For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The
Rancheria has elected not to use 10% de minimis indirect cost rate.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The
Rancheria has elected not to use 10% de minimis indirect cost rate.
Expenditures reported in the Schedule are reported on the modified 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: Subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: For the year ended December 31, 2023, the indirect cost allocation rate was 41.8%. The
Rancheria has elected not to use 10% de minimis indirect cost rate.
Of the federal expenditures presented in the schedule, the Rancheria provided no
awards to subrecipients.