Audit 29021

Title: Note 1 - Basis of Presentation Accounting Policies: Expenditures reported on this schedule are presented using the accrual basis of accounting as described in Note 1 to the YMCAs basic financial statements except for subrecipient expenditures, which are recorded on the cash basis. No federal financial assistance has been provided to a subrecipient. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures may or may not be allowable or are limited as to reimbursement.The YMCA has not elected to use the 10% de minimis cost rate. De Minimis Rate Used: N Rate Explanation: The YMCA has not elected to use the 10% de minimis cost rate. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Treasure Valley Family YMCA (the YMCA) under programs of the federal government for the year ended December 31, 2022. The information is presented in accordance with the requirements of Title 2 U.S. Code ofFederal 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 the YMCA it is not intended to and does not present the financial position, statement of activities, or cash flowsof the YMCA.