Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized and presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate, but instead used actual costs expended.
The schedule of expenditures of federal awards includes the federal grant activity of Georgia Sheriffs' Youth Homes, Inc. 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 U.S. Office of Management and 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 Georgia Sheriffs' Youth Homes, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Georgia Sheriffs' Youth Homes, Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized and presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate, but instead used actual costs expended.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized and presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable.
Title: Sub-Recipients
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized and presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate, but instead used actual costs expended.
No amounts were provided to sub-recipients.
Title: CFDA Numbers
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized and presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate, but instead used actual costs expended.
The CFDA numbers included in the SEFA were determined based on the program name, review of grant information, and the Office of Management and Budget's Catalog of Federal Domestic Assistance.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized and presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate, but instead used actual costs expended.
The Organization did not elect to use the 10% de minimis cost rate as allowed under the Uniform Guidance.