Audit 315223

Title: Note 1—Basis of presentation Accounting Policies: Basis of Accounting – Expenditures reported on the Schedule 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 allowable. De Minimis Rate Used: N Rate Explanation: Indirect Cost Rate – The Association has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the Young Men’s Christian Association of Metropolitan Atlanta, Inc. and Subsidiaries (the “Association”) and is presented on the accrual basis of accounting. 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”). Because the Schedule presents only a selected portion of the operations of the Association, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Association.

Title: Note 3—Subrecipients Accounting Policies: Basis of Accounting – Expenditures reported on the Schedule 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 allowable. De Minimis Rate Used: N Rate Explanation: Indirect Cost Rate – The Association has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Association did not pass-through any federal funds to subrecipient’s during the year ended December 31, 2023.