Notes to SEFA
Title: Non-cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Youth Outreach Services, Inc. and Youth Outreach Properties, Inc. (the
Agency) 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 Title 2 U.S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows, if applicable, of the Agency Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Agency elected not to use the option of the 10% de minimis indirect cost rate.
The Agency neither received nor disbursed Federal awards in the form of non-monetary assistance during the year ended June 30, 2024.
Title: Insurance, Loans, and Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Youth Outreach Services, Inc. and Youth Outreach Properties, Inc. (the
Agency) 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 Title 2 U.S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows, if applicable, of the Agency Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Agency elected not to use the option of the 10% de minimis indirect cost rate.
During the year ended June 30, 2024, the Agency received no insurance, loans, loan guarantees or other Federal assistance for the purpose of administering Federal programs.