Audit 314490

Title: General Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in Note 2 to the combined financial statements of the Association. De Minimis Rate Used: N Rate Explanation: The Association has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of Gateway Region Young Men’s Christian Association and Y-SIHVI, LLC (collectively, the Association). The information in this Schedule is presented 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.