Notes to SEFA
The accompanying schedule of expenditures of federal awards (“the Schedule”) includes the federal award activity of George Gervin Youth Center, Inc. (GGYC) under programs of the federal government for the year ended August 31, 2025. The information in the 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”). Because the Schedule presents only a selected portion of the operation of GGYC, it is not intended to and does not present the financial position, changes in net assets, and cash flows of GGYC.
Federal grants received by GGYC are subject to review and audit by grantor agencies. GGYC’s management believes that the results of such audits will not have a material effect on the Schedule.
GGYC does not participate with any subrecipient organizations for the administration or performance of its federal programs.
Total Expenditures of Federal Awards per the Schedule $ 1,538,305 School Safety Grant 87,939 Total Federal Program Revenues per the Statement of Activities $ 1,626,244
GGYC has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.