Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Mid-Ohio Educational Service Center, Richland County (the ESC) under programs of the federal government for the year ended June 30, 2025. The information on this Schedule is 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 Schedule presents only a selected portion of the operations of the ESC, it is not intended to and does not present the financial position or changes in net position of the ESC.
Expenditures reported in the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
The ESC has elected not to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance. The ESC utilizes indirect cost rate (ICR) to recover administrative and operational expenses associated with managing grants. This rate varies yearly and is approved by the Ohio Department of Education and Workforce (DEW).
The ESC commingles cash receipts from the U.S. Department of Agriculture with similar state grants. When reporting expenditures on the Schedule, the ESC assumes it expends federal monies first.