Notes to SEFA
Accounting Policies: Note 1: Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Minnesota
Alliance with Youth under programs of the federal government for the year ended August 31, 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 of Federal
Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of
Minnesota Alliance with Youth, it is not intended to and does not present the financial position, changes in net
position, or cash flows of Minnesota Alliance with Youth.
Note 2: Significant Accounting Policies
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in 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 available.
Minnesota Alliance with Youth has not elected to use the 10 percent de minimus indirect cost rate as allowed
under Uniform Guidance.
Note 3: Subrecipients
Minnesota Alliance with Youth does not have subrecipients or subrecipient expenditures.
20
De Minimis Rate Used: N
Rate Explanation: Minnesota Alliance with Youth has not elected to use the 10 percent de minimus indirect cost rate as allowed
under Uniform Guidance.