Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) reports the Area Office on Aging of Northwestern Ohio, Inc.s (Organization) federal award programs disbursements. 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 Pathway, it is not intended to and does not represent the financial position, changes in net assets, or cash flows of Area Office on Aging of Northwestern Ohio, Inc.Summary of Significant Accounting PoliciesExpenditures reported on the schedule have been prepared 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.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost RateThe Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.