Title: Note 1. Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity Boys &
Girls Club of Greater Manchester, Inc. (“the Club”), under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the
Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected
portion of the operations of the Club, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Club.
De Minimis Rate Used: Y
Rate Explanation: The Club has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity Boys &
Girls Club of Greater Manchester, Inc. (“the Club”), under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the
Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected
portion of the operations of the Club, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Club.
Title: Note 2. Basis of Accounting
Accounting Policies: The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity Boys &
Girls Club of Greater Manchester, Inc. (“the Club”), under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the
Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected
portion of the operations of the Club, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Club.
De Minimis Rate Used: Y
Rate Explanation: The Club has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Expenditures reported on the Schedule are presented on the same basis of accounting as the Club’s financial
statements. The Club uses the accrual basis of accounting. Expenditures represent only the federally funded
portions of the program. Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the basic financial statements.
Title: Note 3. Program Costs
Accounting Policies: The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity Boys &
Girls Club of Greater Manchester, Inc. (“the Club”), under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the
Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected
portion of the operations of the Club, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Club.
De Minimis Rate Used: Y
Rate Explanation: The Club has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs.
Entire program costs could be more than shown. Such expenditures are recognized following, as applicable,
either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, Audit Requirements, wherein certain types of expenditures are
not allowable or are limited to reimbursement.
Title: Note 4. Major Programs
Accounting Policies: The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity Boys &
Girls Club of Greater Manchester, Inc. (“the Club”), under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the
Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected
portion of the operations of the Club, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Club.
De Minimis Rate Used: Y
Rate Explanation: The Club has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
In accordance with OMB Uniform Guidance, major programs are determined using a risk-based approach.
Programs in the accompanying Schedule are determined by the independent auditor to be major programs.
Title: Note 5. Indirect Cost Rate
Accounting Policies: The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity Boys &
Girls Club of Greater Manchester, Inc. (“the Club”), under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the
Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected
portion of the operations of the Club, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Club.
De Minimis Rate Used: Y
Rate Explanation: The Club has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Club has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.