Thanks for the information, and I can see what I think is the screw, but it has a black plastic cap on it. Do I remove the cap from this screw? Thanks.
The idle screw is larger and has no cap.
Here's the manual for your engine.
http://www.harborfreight.com/manuals/96000-96999/96549.pdf
There are two different manuals, but this is the better one. Go to page 21 for the carburetor page, and number 4 is the idle screw. I know it's a blown up view, but the picture should give you an idea what the screw looks like. IT'S A BIG SCREW.
You can normally see the screw near the throttle butterfly.
According to the HF manual it's 1700RPM idle, but you can adjust it lower than that. According to Honda it's supposed to be 1400RPM, hah go figure.
FYI, the square capped screw is the fuel mixture screw. (#25 in manual carb page) Turn it to the left to go richer, and right to go leaner. Don't mess with that screw if your engine runs fine. I make mine richer to help it start better, and need less choke.
Hope you and your kids have fun with the minibike!