Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) include the federalaward activity of Ohio Valley Goodwill Industries Rehabilitation Center, Inc. under programs of thefederal government for the year ended December 31, 2022. The information in this Schedule ispresented 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 OhioValley Goodwill Industries Rehabilitation Center, Inc., it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of Ohio Valley Goodwill IndustriesRehabilitation Center, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business toamounts reported as expenditures in prior years. Ohio Valley Goodwill Industries RehabilitationCenter, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.