Notes to SEFA
Accounting Policies: Note A – Basis of Presentation
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity
of The Young Men’s Christian Association of Youngstown, Ohio and Subsidiaries under programs of the
federal government for the year ended December 31, 2023 in accordance with the requirements of Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected
portion of the operations of The Young Men’s Christian Association of Youngstown, Ohio and Subsidiaries,
it is not intended to and does not present the financial position, changes in net assets, or cash flows of The
Young Men’s Christian Association of Youngstown, Ohio and Subsidiaries.
Note B – Summary of Significant Accounting Policies
Expenditures reported on the SEFA are reported 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers
are presented where available.
Note C – Indirect Cost Rate
The Young Men’s Christian Association of Youngstown, Ohio and Subsidiaries has elected to use the 10-
percent de minimus cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The Young Men’s Christian Association of Youngstown, Ohio and Subsidiaries has elected to use the 10-
percent de minimus cost rate as allowed under the Uniform Guidance.