Title: NOTE 1: REPORTING ENTITY AND BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Title: NOTE 2: FEDERAL AWARD IDENTIFICATION NUMBERS
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
The federal granting agency is responsible for providing the Organization with the Assistance Listing number, previously known as the Catalog of Federal Domestic Assistance (CFDA) number, for each grant or contract. In cases where the federal granting agency did not provide this number to the Organization and it was not otherwise determinable, it is noted as “not available” on the schedule of expenditures of federal awards.
Title: NOTE 3: NON-CASH ASSISTANCE
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
The Organization did not receive any federal awards in the form of non-cash assistance during the year.
Title: NOTE 4: RECONCILIATION OF EXPENDITURES
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
The following is a reconciliation of expenditures reported on the schedule of expenditures of federal awards to the expenses reported in the statement of activities:
Title: NOTE 5: SUBRECIPIENTS
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
There are no sub-recipients of federal funds as of and for the year ended June 30, 2024.
Title: NOTE 6: INDIRECT COST RATE
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
Title: NOTE 7: LOANS
Accounting Policies: The schedule of expenditures of federal awards containing the federal grant activity of ¡Youthworks! (the Organization) was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to utilize the 10% minimum indirect cost rate when applicable.
The Organization did not expend federal awards related to loans or loan guarantees for the year ended June 30, 2024.