Notes to SEFA
Title: (1) Definition of Reporting Entity
Accounting Policies: (a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally published wholesale prices for purposes of this schedule.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the activity of all expenditures of federal awards programs of the Young Men’s Christian Association of Greater Boston, Inc. (the Association). All expenditures of federal awards received directly from federal agencies as well as expenditures of federal awards passed through other government agencies are included on the schedule.
Title: (1) Summary of Significant Accounting Policies
Accounting Policies: (a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally published wholesale prices for purposes of this schedule.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
(a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally published wholesale prices for purposes of this schedule.
Title: (1) Indirect Cost
Accounting Policies: (a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally published wholesale prices for purposes of this schedule.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Association has elected not to use the 10‑percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: (1) Subrecipients
Accounting Policies: (a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally published wholesale prices for purposes of this schedule.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Association did not pass‑through any funds to subrecipients during the year ended December 31, 2023.