Notes to SEFA
Accounting Policies: Note 1: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of MinnesotaAlliance with Youth under programs of the federal government for the year ended August 31, 2022. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of FederalAwards (Uniform Guidance). Because the schedule presents only a selected portion of the operations ofMinnesota Alliance with Youth, it is not intended to and does not present the financial position, changes in netposition, or cash flows of Minnesota Alliance with Youth.Note 2: Significant Accounting PoliciesExpenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers arepresented where available.Minnesota Alliance with Youth has not elected to use the 10 percent de minimus indirect cost rate as allowedunder Uniform Guidance.Note 3: SubrecipientsMinnesota Alliance with Youth does not have subrecipients or subrecipient expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.