Audit 44259

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. No federal financial assistance has been provided to subrecipients. During the fiscal year ended June 30, 2022 the Airport changed its method of accounting for reporting schedule of federal expenditures from the accrual to cash basis. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditure are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Casper/Natrona County International Airport has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Casper/Natrona County International Airport under programs of the federal government for the year ended June 30, 2022. 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 Casper/Natrona County International Airport, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Casper/Natrona County International Airport.