Notes to SEFA
Accounting Policies: NOTE A – BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal
award activity of Adams County/ Ohio Valley Local School District (the District’s) under programs
of the federal government for the year ended June 30, 2023. The information on this Schedule is
prepared 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
District, it is not intended to and does not present the financial position or changes in net
position of the District.
NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such
expenditures are recognized following the cost principles contained in Uniform Guidance wherein
certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
NOTE C – INDIRECT COST RATE
The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
NOTE D - CHILD NUTRITION CLUSTER
The District commingles cash receipts from the U.S. Department of Agriculture with similar State
grants. When reporting expenditures on this Schedule, the District assumes it expends federal
monies first.
NOTE E – FOOD DONATION PROGRAM
The District reports commodities consumed on the Schedule at the fair value. The District allocated
donated food commod from the use of those donated food
commodities.
De Minimis Rate Used: N
Rate Explanation: N/A