Audit 320580

Title: Note A – Basis of Presentation Accounting Policies: 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. Pass-through entity identifying numbers are presented where applicable De Minimis Rate Used: Y Rate Explanation: Ohio & Erie Canalway Coalition has elected to use the ten percent de minimis indirect cost rate as allowe under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Ohio & Erie Canalway Coalition under programs of the federal government for the year ended 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 Ohio & Erie Canalway Coalition, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ohio & Erie Canalway Coalition.

Title: Note B – Summary of Significant Accounting Policies Accounting Policies: 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. Pass-through entity identifying numbers are presented where applicable De Minimis Rate Used: Y Rate Explanation: Ohio & Erie Canalway Coalition has elected to use the ten percent de minimis indirect cost rate as allowe under Uniform Guidance. 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. Pass-through entity identifying numbers are presented where applicable.

Title: Note C – Indirect Cost Rate Accounting Policies: 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. Pass-through entity identifying numbers are presented where applicable De Minimis Rate Used: Y Rate Explanation: Ohio & Erie Canalway Coalition has elected to use the ten percent de minimis indirect cost rate as allowe under Uniform Guidance. Ohio & Erie Canalway Coalition has elected to use the ten percent de minimis indirect cost rate as allowed under Uniform Guidance.