Notes to SEFA
Title: 5.Subrecipients
Accounting Policies: 1.Basis of Accounting
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity ofPortland YouthBuilders and is presented on the accrual basis of accounting.
The information is presented in accordance with requirements of Title 2 Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ fromamounts presented in, or used in the preparation of, the basic financial statements.
2.Assistance Listing
The program titles and AL numbers were obtained from the federal or pass-through grantor or thecatalog of federal domestic assistance.
3.Major and Nonmajor Federal Financial Assistance Programs
Federal financial assistance programs with identical assistance (AL) numbers are combined indetermining whether the programs are major or nonmajor. Type A major federal financial assistanceprograms are those with combined expenditures of $750,000 or more during a fiscal year. Type Bnonmajor federal financial assistance programs are those with combined expenditures of less than$750,000 during a fiscal year.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under theUniform Guidance.
The Organization had no subrecipients of federal awards.