Audit 336365

Title: General Information 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 to reimbursement. De Minimis Rate Used: N Rate Explanation: The School has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance The accompanying schedule of expenditures of federal awards ("the Schedule") includes the federal award activity of the Philadelphia Youth for Change Charter School and Subsidiary under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of the 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 Philadelphia Youth for Change Charter School and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Philadelphia Youth for Change Charter School and Subsidiary.