Title: REPORTING ENTITY
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. 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: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Education, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance or to allocate indirect cost using an approved indirect cost rate.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Hanaadli Community School/Dormitory, Inc. (the "School"). under programs of the federal government for the year ended June 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 School, it is not intended to and does not present the financial position, changes in net position or cash flows of the School.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. 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: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Education, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance or to allocate indirect cost using an approved indirect cost rate.
The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. 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: FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. 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: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Education, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance or to allocate indirect cost using an approved indirect cost rate.
he federal granting agency is responsible for providing the School with the Assistance Listing Number ALN) for each grant or contract. In cases where the federal granting agency did not provide the ALN to the School, other identifying numbers are presented on the Schedule. In addition, for pass-through awards, the pass-through granting agencies are responsible for providing the School with pass-through grantor numbers. In cases where the pass- through granting agency did not provide this number to the School, it is blank on the Schedule.
Title: RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE
FINANCIAL STATEMENT
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. 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: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Education, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance or to allocate indirect cost using an approved indirect cost rate.
the following is a reconciliation of the expenditures reported on the Schedule of Federal Awards to the expenditures reported in the Statement of included in the accompanying financial statements: Expenditures according to the schedule of expenditures of federal awards $ 1,889,173 Expenditures funded by nonfederal sources 54,053 Expenditures per financial statements $ 1,943,226
Title: INDIRECT/ADMINISTRATIVE COSTS
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. 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: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Education, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance or to allocate indirect cost using an approved indirect cost rate.
The School receives funding from the U.S. Department of the Interior, Bureau of Indian Education, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance or to allocate indirect cost using an approved indirect cost rate.