Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Youth for Change, under the programs of the federal government for the
year ended June 30, 2024. 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 Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of Youth for Change, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Youth for Change.
De Minimis Rate Used: N
Rate Explanation: Youth for Change did not elect to use the 10% de minimis cost rate allowed under
the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Youth for Change, under the programs of the federal government for the
year ended June 30, 2024. 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 Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of Youth for Change, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Youth for Change.
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Youth for Change, under the programs of the federal government for the
year ended June 30, 2024. 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 Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of Youth for Change, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Youth for Change.
De Minimis Rate Used: N
Rate Explanation: Youth for Change did not elect to use the 10% de minimis cost rate allowed under
the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Youth for Change did not elect to use the 10% de minimis cost rate allowed under
the Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Youth for Change, under the programs of the federal government for the
year ended June 30, 2024. 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 Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of Youth for Change, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Youth for Change.
De Minimis Rate Used: N
Rate Explanation: Youth for Change did not elect to use the 10% de minimis cost rate allowed under
the Uniform Guidance.
Youth for Change did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Youth for Change, under the programs of the federal government for the
year ended June 30, 2024. 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 Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of Youth for Change, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Youth for Change.
De Minimis Rate Used: N
Rate Explanation: Youth for Change did not elect to use the 10% de minimis cost rate allowed under
the Uniform Guidance.
Youth for Change did not receive federal insurance, loans, or non-cash assistance during the year
ended June 30, 2024.