Notes to SEFA
the accompanying schedule of Federal Awards Receipts and Expenditures (the Schedule) includes the federal award activity of Mid-Ohio Valley Regional Planning and Development Council, (the Council) 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 Requiremetns, Cost Principles, and Audit Requiremetns for Federal Awards (Uniform Guidance). Because the Schedule presnets only a selected portion of the operations of the Council, it is not intended to and does not present the financail postion, changes in net position, or cash flows of the Council.
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 Requiremts for Federal Awards, wherein certain types of expenditures may or may not be allowalbe or may be limited as reimbursemtns.
The Council has elected to use the 15 percent de minimus indirect cost rate allowed under Uniformed Fuidance.
The Council had the following balances of loans receivabel outstanding at June 30, 2025, under federal land programs.