Notes to SEFA
Accounting Policies: General - The accompanying Schedule of Federal Awards presents the activity of all federal award programs of Hoyleton Youth & Family Services. The Organization's reporting entity is defined in Note 1 to the Organization's financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting - The accompanying schedule of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to the Organization's financial statements. Noncash Assistance, Federal Insurance and Loans/Loan Guarantees - The Organization did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended June 30, 2021. Subrecipient Monitoring - The Organization did not provide any funds to subrecipients for federal funds. Indirect Cost Rate - The Organization elected to use the de minimis indirect cost rate at 10%.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.