Audit 365242

Title: Note 1. Basis of Presentation Accounting Policies: 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 allowable or are limited as to reimbursement. Community Youth Services has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance as they have an approved provisional indirect cost rate of 14.2%. De Minimis Rate Used: N Rate Explanation: USED APPROVED PROVISIONAL INDIRECT COST RATE OF 14.2% The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Community Youth Services under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 US 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 Community Youth Services, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Community Youth Services.

Title: Note 2. Significant Accounting Policies Accounting Policies: 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 allowable or are limited as to reimbursement. Community Youth Services has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance as they have an approved provisional indirect cost rate of 14.2%. De Minimis Rate Used: N Rate Explanation: USED APPROVED PROVISIONAL INDIRECT COST RATE OF 14.2% 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 allowable or are limited as to reimbursement. Community Youth Services has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance as they have an approved provisional indirect cost rate of 14.2%.