Notes to SEFA
Title: Pass-through to Sub-recipients
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Youth for Change, under the programs of the federal government for theyear ended June 30, 2022. The Schedule is presented in accordance with requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of Youth for Change, it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of Youth for Change.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (CostPrinciples), wherein certain types of expenditures are not allowable or are limited as toreimbursement. Youth for Change did not elect to use the 10% de minimis cost rate allowed underthe Uniform Guidance.
Youth for Change did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Youth for Change, under the programs of the federal government for theyear ended June 30, 2022. The Schedule is presented in accordance with requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of Youth for Change, it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of Youth for Change.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (CostPrinciples), wherein certain types of expenditures are not allowable or are limited as toreimbursement. Youth for Change did not elect to use the 10% de minimis cost rate allowed underthe Uniform Guidance.
Youth for Change did not receive federal insurance, loans, or non-cash assistance during the year ended June 30, 2022.