Audit 49359

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of Cook Inlet Native Head Start under programs of the federal government for the year endedDecember 31, 2022. The information in this Schedule is presented in accordance with the requirements ofTitle 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 aselected portion of the operations of Cook Inlet Native Head Start, it is not intended to and does not presentthe financial position, changes in net assets or cash flows of Cook Inlet Native Head Start. Expenditures reported on the Schedule are reported on the full accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditure are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedulerepresent adjustments or credits made in the normal course of business to amounts reported as expenditures. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.