Notes to SEFA
Title: NOTE 3 - CHIL NUTRITION CLUSTER
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Youngstown Community School under programs of the federal government for the fiscal year ended June 30, 2023 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 operations of the Youngstown Community School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Youngstown Community School. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Youngstown Community School has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Youngstown Community School commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Youngstown Community School assumes it expends federal monies first.
Title: NOTE 4 - TRANSFERS BETWEEN PROGRAM YEARS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Youngstown Community School under programs of the federal government for the fiscal year ended June 30, 2023 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 operations of the Youngstown Community School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Youngstown Community School. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Youngstown Community School has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal regulations require schools to obligate certain federal awards by June 30, However, with the Ohio Department of Education’s consent, the School can transfer unobligated amounts to the subsequent program/fiscal year or a similar program. During fiscal year 2023, the Youngstown Community School, with the Ohio Department of Education’s consent, transferred from Supporting Effective Instruction (ALN 84.367A) to Title I Grants to Local Educational Agencies (ALN 84.010A).
Title: NOTE 5 - PASS-THROUGH FUNDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Youngstown Community School under programs of the federal government for the fiscal year ended June 30, 2023 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 operations of the Youngstown Community School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Youngstown Community School. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Youngstown Community School has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Youngstown Community School was awarded federal program allocations to be administered on their behalf by the Educational Service Center of Eastern Ohio. Please see the Notes to the Schedule of Expenditures of Federal Awards.