Audit 22641

Title: NOTE D - INKIND PERSONAL PROTECTIVE EQUIPMENT (PPE) Accounting Policies: NOTE A - BASIS OF PRESENTATION - The information in this Schedule is presented in accordance with the requirements of Title2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Audit Guide issued by the California Department of Education and California Department of Social Services. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of YMCA of Greater Long Beach, it is not intended to, and does not, present the financial position, changes in net assets, functional expenses, or cash flows of YMCA of Greater Long Beach. The YMCA of Greater Long Beach's reporting entity is defined in Note 1 to the financial statements. All federal and state awards are included in the Schedule. NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - The accompanying Schedule is presented using the accrual basis of accounting, where by eligible grant expenditures are recorded when incurred (i.e., when goods are received or services provided). Such expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any property or equipment acquisitions incurred under federal programs. Passthrough identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: Young Men's Christian Association of Greater Long Beach has elected to use the 10% de minimus cost rate for its federal awards. The Association did not receive in-kind Personal Protective Equipment (PPE) during the year ended December 31, 2022.