Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards passed through Oklahoma Department of Commerce includes the federal grant activity of Big Five Community Services, Inc. and is presented on the accrual basis of accounting. 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), and Oklahoma Department of Commerce. Because the schedule presents only a selected portion of the operations of Big Five Community Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of Big Five Community Services, Inc.
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. Big Five Community Services, Inc. has elected not to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended December 31, 2025, Big Five Community Services, Inc. received $1,108,215 in American Rescue Plan Stabilization (Assistance Listing Number 93.575) from the United States Department of Human Services and passed through the Oklahoma Department of Human Services. These monies are not reported on the Schedule of Expenditures of Federal and State Awards because these funds are not subject to the reporting requirements contained in the Uniform Guidance.