The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Valdez Native 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 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 Valdez Native Tribe, it is not intended to and does not present the financial position of Valdez Native 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 amount reported as expenditures in prior years. Valdez Native Tribe has not elected to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.
No amounts were passed through to subrecipients.
The following program met the criteria for revenue recognition and received revenue in excess of expenditures during the year ended December 31, 2025. The revenue was recorded as an increase in net assets with donor restrictions. Current year expenditures are reported on the Schedule of Expenditures of Federal Awards per OMB Guidance. Total expenditures of federal awards per the Schedule $ 1,085,079 Tribal Self-Governance and Determination Cluster (ALN 93.441) 72,439 Total federal sources per Statements of Activities for the year ended December 31, 2025 $ 1,157,518
Assistance Listing Refundable Grant Title Number Advance U.S. Department of Health and Human Services: Passed through Chugachmiut: Older Americans – Caregivers and Elder Nutrition 93.047 $ 11,922 Local Health Initiatives, Alcohol Prevention, and Tribal Self-Governance 93.210 246,768 Total U.S. Department of Health and Human Services 258,690 Total other federal and local grants 631,624 Total refundable advances on Statements of Financial Position $ 890,314
The following provides a reconciliation of Assistance Listing Number 93.047, Older Americans, Title VI: Passed through Chugachmiut $ 1,938 Direct 89,527 Total ALN #93.047 $ 91,465 The following provides a reconciliation of Assistance Listing Numbers 93.210/93.441, Tribal Self-Governance and Determination Cluster: Passed through Chugachmiut $ 111,008 Passed through ANTHC 105,489 Direct 380,524 Total $ 597,021