Notes to SEFA
Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Youth 180, Inc. under programs of the federal government for the year ended August 31, 2022. The information in this Schedule is presented in accordance with the requirements of the audit 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 Youth 180, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Youth 180, Inc.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(1)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. Therefore, some amounts presented on the schedule may differ from amounts presented in or used in the preparation of the financial statements.(2)Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.