Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal grant activity of Counseling & Recovery Services of Oklahoma, Inc. (the “Organization”) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.