Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Missouri Ozarks Community Action, Inc. under programs of the federal government for the year ended January 31, 2026. 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), except for subsidy programs, which follow REAC PHA - Financial Accounting Brief - Accounting Issue #10, which defines a federal award expended for single audit purposes as when dollars are received.
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.
Missouri Ozarks Community Action, Inc. has not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance. The Organization does have a negotiated indirect cost agreement (NICRA).