Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Neighborhood Service Organization, Inc. (“Organization”) under the programs of the federal government for the year ending June 30, 2025. Federal awards that are included in the schedule may be received directly from federal agencies as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of Title 2 (CFR) 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 financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Assistance to women and infants under the WIC programs administered by the Organization as reported on the Schedule, was provided in the form of free health and wellness consultation, and to eligible individuals, the provision of a voucher allowing the individual to acquire certain formula and supplies at participating vendor stores. Vouchers are funded by the state of Oklahoma directly to vendor stores and not through the Organization
The Organization has not elected to use the de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are determined by contractual arrangement with the granting organization.