Notes to SEFA
Title: Basis of Presentation
Accounting Policies: (a) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.(b) The Corporation for Ohio Appalachian Development has elected not to use the 10% de minimis indirect costrate as allowed under the Uniform Guidance.(c) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal awardactivity of The Corporation for Ohio Appalachian Development under programs of the federal government for theyear ended June 30, 2022.The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Since the schedule presents only a selected portion ofthe operations of The Corporation for Ohio Appalachian Development, it is not intended to and does not presentThe Corporation for Ohio Appalachian Developments financial position, change in net assets, or cash flows.