Audit 367795

Basis of Presentation . The accompanying schedule of expenditures of federal awards ("the schedule") includes the federal grant activity of Chama Peak Land Alliance ("the Alliance") under programs of the federal government for the year ended December 31, 2024. The information in this 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 Alliance, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Alliance. Basis of Accounting . The schedule of expenditures of federal awards has been prepared on the 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. Negative amounts, if any, appear on the schedule to represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. Cluster of Programs. A grouping of closely related programs with different Assistance Listing numbers that share common compliance requirements is considered a cluster of programs. The accompanying Schedule of Expenditures of Federal Awards has been designed to present federal financial assistance information by clusters. Amount Provided to Subrecipients. The amount of federal assistance that the Organization provided to subrecipients under each federal program is presented in a separate column, when applicable, in the accompanying Schedule of Expenditures of Federal Awards according to requirements in the Uniform Guidance. A subrecipient is defined by the Uniform Guidance as a non-federal entity that receives a subaward from a pass-through entity to carry out part of a federal program. No federal awards were passed through to subrecipients during the year ended December 31, 2024.

See the Notes to the SEFA for chart/table

Chama Peak Land Alliance has elected to use the option of the 10% de minimis indirect cost rate covered in 2 U.S. Code of Federal Regulations Part 200, Subpart E, Cost Principles . With respect to amended grant agreements, the Alliance has elected to use the option of the 15% de minimus indirect cost rate covered in 2 U.S. Code of Federal Regulations Part 200, Subpart E, Cost Principles .