Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) under programs of the federal government for the year ended September 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 Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center), it is not intended to and does not present the basic financial statements of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule 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. 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. Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Passed Through Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) under programs of the federal government for the year ended September 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 Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center), it is not intended to and does not present the basic financial statements of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following amounts were passed through to subrecipients:Alaska SeaLife Center$87,745Alaska Fisheries Development Foundation21,182Axiom Data Science LLC101,985Chugach Regional Resources Commission29,582Guatek Inc.10,585The Marine Biological Association6,542North Gulf Oceanic Society152,192North Pacific Marine Science Organization45,959Sitka Sound Science Center12,698State of Alaska, Department of Fish & Game56,189University of Alaska Anchorage46,104University of Alaska Fairbanks269,628University of Alaska Southeast948University of Washington128,592 Total passed through to subrecipients$969,931
Title: Reconciliation from Schedule of Expenditures of Federal Awards to Financial
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) under programs of the federal government for the year ended September 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 Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center), it is not intended to and does not present the basic financial statements of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal revenue$3,302,588University of California grants6,739State of Alaska grants9,764,969 Total grant revenue per financial statements$13,074,296
Title: Total Expenditures for Assistance Listing Number (ALN) 11.472
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) under programs of the federal government for the year ended September 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 Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center), it is not intended to and does not present the basic financial statements of Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
AgencyR&DALNProgramAmountFederal passed through ExxonValdez Oil Spill Trustee CouncilYes11.472Long-Term Monitoring & Herring Research & Monitoring Programs$1,443,783Federal passed through ExxonValdez Oil Spill Trustee CouncilYes11.472Gulf Watch Alaska Research and Monitoring471,666Federal passed through ExxonValdez Oil Spill Trustee CouncilYes11.472Sustainable Mariculture Development56,242Federal passed through North Pacific Research BoardYes11.472Automation of Sockeye Salmon Scale Estimation 6,794Federal passed through North Pacific Research BoardYes11.472Body Size & Spawning Abundance of Sockeye Salmon48,954Federal passed through North Pacific Research BoardYes11.472Prevalence of Paralytic Shellfish Toxins in the Marine Food Webs28,966Federal passed through North Pacific Research BoardYes11.472Pelagic Distribution of Tufted Puffins68,874 Total ALN 11.472$2,125,279