Notes to SEFA
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal award activity of the Department of Environmental Grants of the Office of the Secretary of Energy and Environment of the State of Oklahoma (the “Department”) under programs of the federal government for the year ended June 30, 2022. The information in this SEFA 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 SEFA presents only a selected portion of the operations of the Department, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Department.
Expenditures reported on the SEFA are reported on the modified 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. The Department has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Department has evaluated the effects of all subsequent events from June 30, 2024, through the date the SEFA was available to be issued, for potential recognition or disclosure in this SEFA. The Department is not aware of any subsequent events which would require recognition or disclosure in the SEFA.
Of the federal expenditures presented in this schedule, the Department provided federal awards to subrecipients as follows: