Notes to SEFA
Title: Sub-Recipients
Accounting Policies: Expenditures reported on the Schedule are reported based on reimbursement requests submitted to the Tribeand Bureau of Reclamation for progress billing on the project. Such expenditures are recognized following thecost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or arelimited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Chippewa Cree Construction Corporation has elected not to use the 10-percent de minimis indirect cost rateallowed under the Uniform Guidance.
Chippewa Cree Construction Corporation does not have any sub-recipients of federal awards.
Title: Outstanding Federal Loans
Accounting Policies: Expenditures reported on the Schedule are reported based on reimbursement requests submitted to the Tribeand Bureau of Reclamation for progress billing on the project. Such expenditures are recognized following thecost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or arelimited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Chippewa Cree Construction Corporation has elected not to use the 10-percent de minimis indirect cost rateallowed under the Uniform Guidance.
Chippewa Cree Construction Corporation had no outstanding federal loan balances at September 30, 2022.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported based on reimbursement requests submitted to the Tribeand Bureau of Reclamation for progress billing on the project. Such expenditures are recognized following thecost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or arelimited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Chippewa Cree Construction Corporation has elected not to use the 10-percent de minimis indirect cost rateallowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Chippewa Cree Construction Corporation under programs of the federal government for the year ended September 30, 2022. The information in this schedule is presented in accordance with requirements of the 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 Chippewa Cree Construction Corporation, it is not intended to and does not present the financial position, changes in net position or cash flows of Chippewa Cree Construction Corporation.