Notes to SEFA
Accounting Policies: The accompanying schedule of federal expenditures of federal awards (the Schedule) includes the federal grant activity of Colorado Youth For A Change, and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: Y
Rate Explanation: Colorado Youth For A Change has elected to use the 10% de minimis cost rate as covered in the Uniform Guidance 2 CFR section 200.414 Indirect Costs.