Audit 18296

FY End
2022-06-30
Total Expended
$11.49M
Findings
0
Programs
10
Organization: Youth Villages Inc. (TN)
Year: 2022 Accepted: 2022-12-19

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Contacts

Name Title Type
LJV2D1X7DJ23 Rachel McKinley Auditee
9012514923 Karen Gondan Auditor
No contacts on file

Notes to SEFA

Title: Subrecipients Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in either OMB A-122, Cost Principles for Non-profit Organizations, or the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization did not pass any awards through to sub-recipients for the year ended June 30, 2022.
Title: AWARDS THROUGH THE PROVIDER RELIEF FUND Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in either OMB A-122, Cost Principles for Non-profit Organizations, or the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization received approximately $3.8 million in funds under the Provider Relief Program (PRF) in August 2020, and the funds were fully expended during the year ended June 30, 2021. The Health Resources and Services Administration (HRSA) has established a special reporting system to track this federal program, but the system was not yet implemented for the time period in which the funds were received. HRSA requires that expenditures be reported on the Schedule of Expenditures in the same reporting period they are reported through the PRF portal. As a result, the Organization expended $3.8 million which was not reported on the Schedule of Expenditures of Federal Awards for the year ended June 30, 2021 but is reported on the Schedule of Expenditures of Federal Awards for the year ending June 30, 2022.