Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the
federal award activity of Young Women’s College Prep Charter School of Rochester (the
School) under programs of the federal government for the year ended June 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 School’s operations, it is not intended to, and does not,
present the financial position, change in net assets, or cash flows of the School.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.