Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10.0% de Minimis indirect cost rate for the following federal awards, 93.243, 93.060,
and 16.320.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Youth
Services of Tulsa, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this
Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR), 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 Youth Services of Tulsa, Inc., it is not intended to and does not
present the financial position, changes in net assets, or cash flows of Youth Services of Tulsa, Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10.0% de Minimis indirect cost rate for the following federal awards, 93.243, 93.060,
and 16.320.
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.
The Organization has elected to use the 10.0% de Minimis indirect cost rate for the following federal awards, 93.243, 93.060,
and 16.320.