Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the expenditures of federal awards for the Tribal Broadband Connectivity Program of Northern Cheyenne Communications Corporation (NCCC) and is presented on the 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of NCCC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of NCCC.
Expenditures reported on the SEFA are reported 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.
NCCC has elected not to use the de minimis indirect cost rate allowed under Uniform Guidance.
NCCC received a total of $2,666,406 related to the Tribal Broadband Connectivity Program during the year ended December 31, 2025.