Notes to SEFA
Title: EXPENDITURES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Agency of Oklahoma City & Oklahoma/Canadian Counties, Inc. (CAAOKC), 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). 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.
De Minimis Rate Used: N
Rate Explanation: CAAOKC has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Gudiance. CAAOKC elected to use a Cost Allocation Plan as allowed under Uniform Guidance.
Expenditures represent current year federal grant/contract portion only.
Title: NONCASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Agency of Oklahoma City & Oklahoma/Canadian Counties, Inc. (CAAOKC), 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). 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.
De Minimis Rate Used: N
Rate Explanation: CAAOKC has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Gudiance. CAAOKC elected to use a Cost Allocation Plan as allowed under Uniform Guidance.
CAAOKC had the following loan balances outstanding at March 31, 2023: U.S. Deparment of Energy Pass-Through City of Oklahoma City - ARRA Energy Efficiency and Conservation Block Grant Program - Green Loans - 81.128 - $22,437