Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Federal, State and Other Programs Fund of the Nisqually Indian Tribe under programs of the federal government for the year ended December 31, 2025. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Nisqually Indian Tribe, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Nisqually Indian Tribe.
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. Pass-through entity identifying numbers are presented where available.
The Tribe has negotiated an indirect cost rate of 30.67% and, thus, not eligible to elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal loans outstanding by the Tribe at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2025, consists of: Community Facilities Loans and Grants Cluster, Community Facilities Loans and Grants - Loans, Assistance Listing Number 10.766, Amount Outstanding of $14,055,359.