Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: 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 allowed or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: YMCA of Cass and Clay Counties has not elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of YMCA of
Cass and Clay Counties under programs of the federal government for the year ended December 31, 2023. 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 Award (Uniform Guidance). Because the schedule presents only a selected portion of the operations of
YMCA of Cass and Clay Counties, it is not intended to and does not present the financial position, changes in
net assets, or cash flows of YMCA of Cass and Clay Counties.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: 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 allowed or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: YMCA of Cass and Clay Counties has not elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
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 allowed or are limited as to reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: 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 allowed or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: YMCA of Cass and Clay Counties has not elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
YMCA of Cass and Clay Counties has not elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.