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 Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement
De Minimis Rate Used: Y
Rate Explanation: Did use the de minimis rate
The accompanying Schedules of Expenditures of Federal Awards (the Schedules) includes the federal
award activity of Appalachian Forest Heritage Area, Inc., Inc. (a nonprofit organization) (the Organization)
under programs of the federal government for the years ended December 31, 2023 and 2022. The
information on this Schedules are 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 Schedules 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 position, or cash flows of the Organization.
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 Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement
De Minimis Rate Used: Y
Rate Explanation: Did use the de minimis rate
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement
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 Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement
De Minimis Rate Used: Y
Rate Explanation: Did use the de minimis rate
The Organization has implemented a Cost Allocation methodology for indirect costs to bill directly for the
portion of indirect costs attributed to certain grants. For grant sources which do not allow cost allocation,
the Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: NOTE D - MATCHING REQUIREMENTS
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 Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement
De Minimis Rate Used: Y
Rate Explanation: Did use the de minimis rate
Certain Federal program require the Organization to contribute non-Federal funds (matching funds) to
support the Federally funded programs. The Organization has met its matching requirements. The
Schedule does not include the expenditure of non-Federal matching funds.