Notes to SEFA
Title: 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.
(b) The Corporation for Ohio Appalachian Development has elected not to use the 10% de minimis indirect cost
rate as allowed under the Uniform Guidance.
(c) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Corporation for Ohio Appalachian Development has elected not to use the 10% de minimis indirect cost
rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award
activity of The Corporation for Ohio Appalachian Development under programs of the federal government for the
year ended June 30, 2024.
The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Since the schedule presents only a selected portion of
the operations of The Corporation for Ohio Appalachian Development, it is not intended to and does not present
The Corporation for Ohio Appalachian Development’s financial position, change in net assets, or cash flows.