Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: SEE FOOTNOTE IN THE SINGLE AUDIT REPORT
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Comprehensive Youth Services of Fresno, Inc. 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 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 Comprehensive Youth Services of Fresno, Inc., is not intended to and does not present the financial position in net assets, or cash flows of Comprehensive Youth Services of Fresno, Inc.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SEE FOOTNOTE IN THE SINGLE AUDIT REPORT
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE
Expenditures reported 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 allowed or are limited to reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: SEE FOOTNOTE IN THE SINGLE AUDIT REPORT
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE
Comprehensive Youth Services of Fresno, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: OFFICE OF EMERGENCY SERVICES
Accounting Policies: SEE FOOTNOTE IN THE SINGLE AUDIT REPORT
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE
Comprehensive Youth Services of Fresno, Inc. participates and administers the Child Abuse Treatment Program (CHAT) Grant. Expenses by category are as follows: Federal awards for the above expenditures represent approximately 80% of the allowable reimbursement. Twenty percent of expenditures represent the organization matching requirements which were $65,978 for both grants combined.