Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Odyssey House Louisiana, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2025. 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the Organization. The Organization’s reporting entity is defined in Note 1 to the consolidated financial statements for the year ended June 30, 2025.
Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Organization’s consolidated financial statements for the year ended June 30, 2025. Such expenditures are recognized following the cost principles contained in accordance with the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements.
Federal awards are included in Program Revenue – Cost Reimbursement in the consolidated statement of activities for the year ended June 30, 2025 are as follows. Program Revenue - Cost reimbursement (Federal) $ 9,292,371 Program Revenue - Cost reimbursement (Non-federal) 3 ,396,322 $ 12,688,693
During the year ended June 30, 2025, the Organization did elect to use the 10% de minimis cost rate as covered in §200.414 of the Uniform Guidance. During the year ended June 30, 2025, the Organization 10% de minimis cost total amounts to $127,844 for CFDA #21.027 Coronavirus State and Local Fiscal Recovery Funds.