Title: NOTE 1 - BASIS OF ACCOUNTING
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization’s agreement with the Ohio Department of Education allows for a maximum indirect cost rate of 15%. The Organization was compliant with this requirement for the year ended September 30, 2023.
The accompanying schedule of expenditures of federal awards includes the federal award activity of the Organization under programs of the federal government for the year ended September 30, 2023. 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 the Organization, it is not intended to and does not present the financial position, change in net assets or cash flows of the Organization.
Title: NOTE 2 - SIGNIFICANT ACCOUNTING POLICY
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization’s agreement with the Ohio Department of Education allows for a maximum indirect cost rate of 15%. The Organization was compliant with this requirement for the year ended September 30, 2023.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization’s agreement with the Ohio Department of Education allows for a maximum indirect cost rate of 15%. The Organization was compliant with this requirement for the year ended September 30, 2023.
The Organization’s agreement with the Ohio Department of Education allows for a maximum indirect cost rate of 15%. The Organization was compliant with this requirement for the year ended September 30, 2023.
Title: NOTE 4 - SUBRECIPIENTS
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization’s agreement with the Ohio Department of Education allows for a maximum indirect cost rate of 15%. The Organization was compliant with this requirement for the year ended September 30, 2023.
There were no amounts passed-through to subrecipients for the year ended September 30, 2023.