Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of Kiamichi Economic District of Oklahoma (KEDDO) under programs of the federal government for the year ended June 30, 2025. The information in this SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Refulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of KEDDO, it is not intended to and does not present the financial position, changes in net assets, or cash flow of KEDDO.
Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recongnized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. KEDDO has elected not to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance
A portion of the federal expenditures presented in this schedule was provided to subrecipients by the Organization. That portion has been identified in a separate column of the SEFA.