Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Youth and Family Services Inc.(the Organization) under programs of the federal government for the year ended June 30, 2025. The information in this SEFA 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 SEFA 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 position, or cash flows of the Organization.
Expenditures reported on the SEFA 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. The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During fiscal 2025, the Organization received an award from the Office of Juvenile Affairs for 3,148,617 for the construction of a new facility. During the current year construction was ongoing with a completion date set for fiscal year 2026. The funds were passed through the Office of Juvenile Affairs.