Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of the grants fund (the "Fund") of Pueblo of Sandia (the "Pueblo") 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 Fund, it is not intended to and does not present the financial position, changes in net position, or fund balance of the Fund.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments in prior years. Pass-through entity identifying numbers are presented where available. The Fund has established and negotiated an approved indirect cost rate. As a result, the Fund has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Of the expenditures presented in the Schedule, the Fund provided no awards to subrecipients.
There are no outstanding federal loan balances at December 31, 2024.