Audit 346223

Title: 5. Subrecipients Accounting Policies: 1. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Portland YouthBuilders and is presented on the accrual basis of accounting. The information is presented in accordance with requirements of Title 2 Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. 2. Assistance Listing The program titles and AL numbers were obtained from the federal or pass-through grantor or the catalog of federal domestic assistance. 3. Major and Nonmajor Federal Financial Assistance Programs Federal financial assistance programs with identical assistance (AL) numbers are combined in determining whether the programs are major or nonmajor. Type A major federal financial assistance programs are those with combined expenditures of $750,000 or more during a fiscal year. Type B nonmajor federal financial assistance programs are those with combined expenditures of less than $750,000 during a fiscal year. De Minimis Rate Used: N Rate Explanation: 4. Indirect Cost Rate The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization had no subrecipients of federal awards.