Notes to SEFA
Accounting Policies: Reporting Entity The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Tiisyaakin Residential Hall, Inc., under programs of the federal government for the year ended June 30, 2022. The reporting entity is defined in Note 1 of the basic financial statements. All expenditures of federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. Basis of Accounting This accompanying schedule of expenditures of federal awards has been prepared 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, Cost Principles, and Audit requirements for Federal Awards. Relationship to Basic Financial Statements Expenditures of federal awards have been reported in the general fund. Subrecipients There are no subrecipients. Indirect Cost Rate Tiisyaakin Residential Hall, Inc. did not elect to use the 10% de Minimis indirect cost rate for fiscal year 2022. There are no indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of expenditures of federal awards. Federal Loans Outstanding There are no outstanding balances for federal loan or loan guarantee programs with continuing compliance requirements at June 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.