Audit 336099

Title: General Note Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NA The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.

Title: Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NA The accompanying schedule is prepared on the accrual basis of accounting.

Title: Relationships to Federal Financial Reports Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NA Amounts reported in the accompanying schedule agree in all material respects with the amounts reported in the related federal financial reports.

Title: Federal Loan and Loan Guarantee Programs Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NA The Association did not expend any federal funds to support loan programs or loan guarantee programs. The Association does not have federal loan balances as of December 31, 2022.

Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NA The Association did not elect to use the 10% de minimis indirect cost rate as discussed in the Uniform Guidance Section 200.414.

Title: Restatement of Schedule of Expenditures of Federal Awards Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Young Men’s Christian Association of Honolulu (the Association). The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NA The Schedule has been restated to remove expenditures in the amounts of $46,318 for ALN 10.561, $56,205 for ALN 93.043, $872,230 for ALN 93.045, and $156,176 for ALN 93.558 as the Association determined they provided services as a contractor under these awards. Additionally, the Association determined that expenditures of $13,008 for the Child and Adult Care Food Program (ALN 10.558) and $11,816 for the Twenty-first Century Community Learning Centers (ALN 84.287 C) were inadvertently omitted from the Schedule. As a result, total expenditures reported on the Schedule decreased by $1,106,105 to $5,677,382 for the year ended December 31, 2022.