Notes to SEFA
Title: Basis of presentation
Accounting Policies: The Schedule is presented 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.
De Minimis Rate Used: Y
Rate Explanation: YMCA of the East Bay has elected to use the 10-percent de minims indirect cost rate for federal awards. The YMCA applies indirect costs in accordance with the specific terms of its federal award agreements.
The accompanying Schedule of Expenditures of Federal and State Awards (the "Schedule") includes the federal award activity of the YMCA. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
Title: Summary of significant accounting policies
Accounting Policies: The Schedule is presented 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.
De Minimis Rate Used: Y
Rate Explanation: YMCA of the East Bay has elected to use the 10-percent de minims indirect cost rate for federal awards. The YMCA applies indirect costs in accordance with the specific terms of its federal award agreements.
The Schedule is presented 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.
Title: Indirect cost rate
Accounting Policies: The Schedule is presented 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.
De Minimis Rate Used: Y
Rate Explanation: YMCA of the East Bay has elected to use the 10-percent de minims indirect cost rate for federal awards. The YMCA applies indirect costs in accordance with the specific terms of its federal award agreements.
YMCA of the East Bay has elected to use the 10-percent de minims indirect cost rate for federal awards. The YMCA applies indirect costs in accordance with the specific terms of its federal award agreements.