Notes to SEFA
Accounting Policies: 1. Basis of Presentation: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Northwestern Ohio Community Action Commission, Inc. and Subsidiaries under programs of the federal government for the year nded December 31, 2023. 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 Northwestern Ohio Community Action Commission, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Northwestern Ohio Community Action Commission, Inc. and Subsidiaries. 2. Significant Accounting Policies: (1) 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. (2) Northwestern Ohio Community Action Commission, Inc. and Subsidiaries has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. (3) There are no awards passed through to subrecipients. (4) Pass-through identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Northwestern Ohio Community Action Commission, Inc. and Subsidiaries has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.