Title: Note 1 - Basis of Presentation
Accounting Policies: NOTE 1-BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activities in the federal financial assistance programs of Capital Area YMCA for the year ended June 30, 2024. All governmental financial assistance received directly from federal agencies as well as federal financial governmental assistance passed through other state and local agencies is included on the Schedule. All of the awards are used to fund the nutritious meals and snacks program for eligible children in the pre-school and after-school programs, and summer recreations programs. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Capital Area YMCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of Capital Area YMCA
De Minimis Rate Used: N
Rate Explanation: Capital Area YMCA did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activities in the federal financial assistance programs of Capital Area YMCA for the year ended June 30, 2023. All governmental financial assistance received directly from federal agencies as well as federal financial governmental assistance passed through other state and local agencies is included on the Schedule. All of the awards are used to fund the nutritious meals and snacks program for eligible children in the pre-school and after-school programs, and summer recreations programs. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Capital Area YMCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of Capital Area YMCA.
Title: Note 2 – Basis of Accounting
Accounting Policies: NOTE 1-BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activities in the federal financial assistance programs of Capital Area YMCA for the year ended June 30, 2024. All governmental financial assistance received directly from federal agencies as well as federal financial governmental assistance passed through other state and local agencies is included on the Schedule. All of the awards are used to fund the nutritious meals and snacks program for eligible children in the pre-school and after-school programs, and summer recreations programs. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Capital Area YMCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of Capital Area YMCA
De Minimis Rate Used: N
Rate Explanation: Capital Area YMCA did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards is presented using 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
or are limited as to reimbursement.
Title: Note 3 – Indirect Cost Rate
Accounting Policies: NOTE 1-BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activities in the federal financial assistance programs of Capital Area YMCA for the year ended June 30, 2024. All governmental financial assistance received directly from federal agencies as well as federal financial governmental assistance passed through other state and local agencies is included on the Schedule. All of the awards are used to fund the nutritious meals and snacks program for eligible children in the pre-school and after-school programs, and summer recreations programs. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Capital Area YMCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of Capital Area YMCA
De Minimis Rate Used: N
Rate Explanation: Capital Area YMCA did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Capital Area YMCA did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Note 4 – Subrecipients
Accounting Policies: NOTE 1-BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activities in the federal financial assistance programs of Capital Area YMCA for the year ended June 30, 2024. All governmental financial assistance received directly from federal agencies as well as federal financial governmental assistance passed through other state and local agencies is included on the Schedule. All of the awards are used to fund the nutritious meals and snacks program for eligible children in the pre-school and after-school programs, and summer recreations programs. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Capital Area YMCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of Capital Area YMCA
De Minimis Rate Used: N
Rate Explanation: Capital Area YMCA did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Of the federal expenditures presented in the Schedule, Capital Area YMCA did not provide federal awards to subrecipients.