Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) include the federal award activity of Ohio Valley Goodwill Industries Rehabilitation Center, Inc. and Subsidiary under programs of the federal government for the year ended December 31, 2024. 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 Valley Goodwill Industries Rehabilitation Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ohio Valley Goodwill Industries Rehabilitation Center, Inc. and Subsidiary. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Ohio Valley Goodwill Industries Rehabilitation Center, Inc. and Subsidiary has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.