Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Youth Services Network Inc.'s federal grant activity and is presented on the accrual basis of accounting in accordance with generally accepted accounting principles. 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: N
Rate Explanation: The auditee did not use the de minimis cost rate. Direct costs were used.
The accompanying Schedule of Expenditures of Federal Awards includes the Youth Services Network Inc.'s federal grant activity and is presented on the accrual basis of accounting in accordance with generally accepted accounting principles. 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).
Title: Note 2: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Youth Services Network Inc.'s federal grant activity and is presented on the accrual basis of accounting in accordance with generally accepted accounting principles. 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: N
Rate Explanation: The auditee did not use the de minimis cost rate. Direct costs were used.
There were no subrecipients for the fiscal year ending June 30, 2024.
Title: Note 3: Non-Cash Assistance and Insurance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Youth Services Network Inc.'s federal grant activity and is presented on the accrual basis of accounting in accordance with generally accepted accounting principles. 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: N
Rate Explanation: The auditee did not use the de minimis cost rate. Direct costs were used.
Youth Services Network, Inc. did not receive any federal non-cash assistance or federal insurance for the year ended June 30, 2024.
Title: Note 4: Loans and Loan Guarantee Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Youth Services Network Inc.'s federal grant activity and is presented on the accrual basis of accounting in accordance with generally accepted accounting principles. 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: N
Rate Explanation: The auditee did not use the de minimis cost rate. Direct costs were used.
Youth Services Network, Inc. did not have any loans or loan guarantee programs outstanding as of June 30, 2024.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Youth Services Network Inc.'s federal grant activity and is presented on the accrual basis of accounting in accordance with generally accepted accounting principles. 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: N
Rate Explanation: The auditee did not use the de minimis cost rate. Direct costs were used.
Youth Services Network, Inc. did not elect to use the 10% de minimis indirect cost rate.