Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Ketchikan Gateway Borough under programs of the federal government for the year ended June 30, 2025. 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 Ketchikan Gateway Borough, it is not intended to and does not present the basic financial statements of Ketchikan Gateway Borough.
Expenditures reported on 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Ketchikan Gateway Borough has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
No funding was passed through to subrecipients in the year ended June 30, 2025.
The Ketchikan Gateway Borough, for purposes of the supplementary schedule of expenditures of federal awards includes all the funds of the primary government. It does not include the component unit of Ketchikan Gateway Borough as follows: The Ketchikan Gateway Borough School District The Ketchikan Gateway Borough’s basic financial statements include $3,934,264 in federal awards expended for the Ketchikan Gateway Borough School District, a component unit of the Ketchikan Gateway Borough. These monies are excluded from this schedule. Separate reports on compliance and internal control dated November 25, 2025, were issued for the Ketchikan Gateway Borough School District.