Notes to SEFA
Title: 1. 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. LASO uses a provisional indirect cost rate method throughout the period pending the establishment of a final rate after actual indirect and direct costs are determined. LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%
De Minimis Rate Used: N
Rate Explanation: LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%.
The accompanying schedule of expenditures of federal awards include the federal grant activity of Legal Aid Services of Oklahoma, Inc. (LASO), under programs of the federal government for the year ended December 31, 2024. The information in the schedule of expenditures of federal awards is presented in accordance with the requirement of 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 LASO, it is not intended to and does not present the financial position, changes in net assets or cash flows of LASO.
Title: 2. 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. LASO uses a provisional indirect cost rate method throughout the period pending the establishment of a final rate after actual indirect and direct costs are determined. LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%
De Minimis Rate Used: N
Rate Explanation: LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%.
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. LASO uses a provisional indirect cost rate method throughout the period pending the establishment of a final rate after actual indirect and direct costs are determined. LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%.
Title: 3. CONTINGENT LIABILITIES
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. LASO uses a provisional indirect cost rate method throughout the period pending the establishment of a final rate after actual indirect and direct costs are determined. LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%
De Minimis Rate Used: N
Rate Explanation: LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%.
LASO participated in a number of federal assisted programs. These programs are audited in accordance with Government Auditing Standards and the Uniform Guidance, if applicable, in accordance with the required levels of Federal Financial assistance. Audits of prior years have not resulted in any significant disallowed costs. Additionally, the grant programs are subject to audits by the granting authority, the purpose of which is to ensure compliance with conditions precedent to the granting of the funds. Management believes that any liability for reimbursement which may arise as the result of audits of grant funds would not be material.
Title: 4. RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
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. LASO uses a provisional indirect cost rate method throughout the period pending the establishment of a final rate after actual indirect and direct costs are determined. LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%
De Minimis Rate Used: N
Rate Explanation: LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%.
Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal financial reports filed with the grantor agencies because of accruals made in the schedule which will be included in future reports with agencies.
Title: 5. SUBRECIPIENTS
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. LASO uses a provisional indirect cost rate method throughout the period pending the establishment of a final rate after actual indirect and direct costs are determined. LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%
De Minimis Rate Used: N
Rate Explanation: LASO has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The indirect cost rate charged to federal awards in 2024 was 27.6%.
Of the federal expenditures presented in the SEFA, LASO provided federal awards to subrecipients as follows:
Federal Program CFDA Number Subrecipient Amount Provided
Navigators in Federally Facilitated Exchanges 93.658 Latino Community Development Agency $ 68,000
Navigators in Federally Facilitated Exchanges 93.658 Tulsa Cares $ 38,471
Navigators in Federally Facilitated Exchanges 93.658 RAIN Oklahoma $ 59,305
$ 165,471