Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable hrough entity identifying numbers
are presented where available.
De Minimis Rate Used: N
Rate Explanation: NOT USED
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
grant activities of My Place Teen Center, Incorporated under the programs of the federal government
for the year ended June 30, 2023. The information in this schedule is presented in accordance with
the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles and Audit Requirements of Federal Awards (Uniform Guidance). Because
the schedule presents only a selected portion of the operations of My Place Teen Center,
Incorporated, it is not intended to and does not pres or cash flows of My
Place Teen Center,
Incorporated.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable hrough entity identifying numbers
are presented where available.
De Minimis Rate Used: N
Rate Explanation: NOT USED
Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable hrough entity identifying numbers
are presented where available.
Title: Note 3 - Subrecipient Agreements
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable hrough entity identifying numbers
are presented where available.
De Minimis Rate Used: N
Rate Explanation: NOT USED
The Organization does not provide grants to subrecipients.
Title: Note 4 - Indirect Cost Rate
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable hrough entity identifying numbers
are presented where available.
De Minimis Rate Used: N
Rate Explanation: NOT USED
My Place Teen Center, Incorp inimis indirect cost rate as allowed
under the Uniform Guidance.