Notes to SEFA
The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and grant activity of Jacksonville Area Sexual Minority Youth Network, Inc. for the year ended December 31, 2024. 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). Because the schedule presents only a selected portion of the operations of Jacksonville Area Sexual Minority Youth Network, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jacksonville Area Sexual Minority Youth Network, Inc.
a) 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. b) Pass through entity identifying numbers are presented where available. c) Jacksonville Area Sexual Minority Youth Network, Inc. has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.