Notes to SEFA
Title: NOTE 3 - CHILD NUTRITION CLUSTER
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of YouthBuild Columbus Community School under programs of the federal government for the fiscal year ended June 30, 2024 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 YouthBuild Columbus Community School, it is not intended to and does not present the financial position, changes in net position, or cash flows of YouthBuild Columbus Community School. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited to as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. YouthBuild Columbus Community School has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
YouthBuild Columbus Community School commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, YouthBuild Columbus Community School assumes it expends federal monies first.
Title: NOTE 4 - PASS-THROUGH FUNDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of YouthBuild Columbus Community School under programs of the federal government for the fiscal year ended June 30, 2024 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 YouthBuild Columbus Community School, it is not intended to and does not present the financial position, changes in net position, or cash flows of YouthBuild Columbus Community School. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited to as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. YouthBuild Columbus Community School has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
YouthBuild Columbus Community School was awarded federal program allocations to be administered on their behalf by Westwood Preparatory Academy. For fiscal year 2024, YouthBuild Columbus Community School’s allocation was as follows: English Language Acquisition State Grants (ALN 84.365A) $1,114.