Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The information is presented in accordance with the 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 the Organization it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization. Expenditures reported in the schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award
activities of Youth Connections Coalition (the Organization) under programs of the federal government
for the year ended June 30, 2024. The information is presented in accordance with the 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 the Organization it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: The information is presented in accordance with the 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 the Organization it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization. Expenditures reported in the schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis cost rate.
Expenditures reported in 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 or are limited as to reimbursement. No federal financial assistance has been
provided to a subrecipient.
Title: 3. Indirect Cost Rate
Accounting Policies: The information is presented in accordance with the 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 the Organization it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization. Expenditures reported in the schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis cost rate.
The Organization has not elected to use the 10% de minimis cost rate.