Audit 340567

Title: NOTE A--BASIS OF PRESENTATION Accounting Policies: Expenditures reported in the Schedule are reported on the cash basis of accounting and, accordingly, represent the total cash expended for the program. The Schedule does not include transactions that might be included using the accrual basis of accounting as contemplated by generally accepted accounting principles. De Minimis Rate Used: N Rate Explanation: Allowable direct costs are allocated to the programs. The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Oklahoma Humanities Council, Inc. under programs of the federal government for the year ended October 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR), Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Oklahoma Humanities Council, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Oklahoma Humanities Council, Inc.

Title: NOTE D--SUBRECIPIENTS Accounting Policies: Expenditures reported in the Schedule are reported on the cash basis of accounting and, accordingly, represent the total cash expended for the program. The Schedule does not include transactions that might be included using the accrual basis of accounting as contemplated by generally accepted accounting principles. De Minimis Rate Used: N Rate Explanation: Allowable direct costs are allocated to the programs. The Oklahoma Humanities Council, Inc. provided federal awards to subrecipients totaling $310,867.