Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule)includes the federal grant and contract activity of Youth Job Center (theOrganization) under programs of the federal government for the year ended June30, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (the Uniform Guidance). Since the Schedule presents only aselected portion of the operations of the Organization, it is not intended to, and itdoes not, present the financial position, changes in net assets, or cash flows ofthe Organization.