Notes to SEFA
Accounting Policies: Note 1: General The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Youthbuild Lake County, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with 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 Youthbuild Lake County, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Youthbuild Lake County, Inc.
De Minimis Rate Used: N
Rate Explanation: Youthbuild Lake County, Inc. has not elected to use the 10-percent de minimus cost rate allowed under the Uniform Guidance.