Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Shining Star Youth & Community Services and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. The schedule presents only a selected portion of the operations of Shining Star Youth & Community Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Shining Star Youth & Community Services. Shining Star Youth & Community Services has not elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the uniform guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.