Title: Note 1. Basis of Presentation
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). 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 2. Reconciliation of Federal Expenditures
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
Total federal financial assistance $54,620,252 CDBG Forgivable loan passed through the City (2,861,115) HOME Investment Partnership Program (592,333) ARPA Construction and/or Rehabilitation Project (93,427) Local and state funding financial assistance 3,816,863 Total funded services $54,890,240
Title: Note 3. Contingencies
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
The entity had in effectr for the fiscal year ended August 31, 2024, the following insurance coverage: Property $26,370,696 Officers and Directors 2,000,000 General Liability 1,000,000/3,000,000
Title: Note 4. HOME Investment Partnership Program
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
The awarded amount of $370,000 from the U.S. Department of Housing and Urban Development is a grant note payable to the YWCA Community Development Corporation (related party), which was assumed by the Association, over thirty years in monthly installments beginning February 2008 that will be forgiven monthly as long as the Association is in compliance with loan terms. The awarded amount of $352,000 from the U.S. Department of Housing and Urban Development is a loan note payable to the YWCA Community Development Corporation (related party), which was assumed by the Association, over thrity years in monthly installments at zero interest rate beginning February 2008 as long as the Association is in compliance with loan terms. On September 1, 2013, the YWCA Community Development Corpoartion dissolved and terminated the Corporation and the Association accepted the Corporation's assetyts on its dissolution and assumed its liabilities, contractual obligations and grants of the Corporation.
Title: Note 5. Community Development Block Grant Program
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
The awarded amount of $1,473,166 from the U.S. Department of Housing and Urban Development that was passed through the City of El Paso is a loan note payable to the YWCA made in June 5, 2020. The full amount of the loan, $1,473,166, was drawn on the note as of August 31, 2024 (see note 10). The awarded of $1,387,949 from the U.S. Department of Housing and Urban Development that was passed through the City of El Paso is a loan note payable to the YWCA made in March 10, 2022. The full amount of the loan, $1,387,949, was drawn on the note as of August 31, 2024 (see Note 10).
Title: Note 6. American Rescue Plan Act State and Local Fiscal Recovery Program
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
The awarded amount of $980,000 from the U.S. Department of Treasury that was passed through the City of El Paso is a loan note payable to the YWCA made in August 29, 2023. The amount drawn on the note is $93,427 as of August 31, 2024 (see Note 10).
Title: Note 7. 10% de minimus Indirect Cost Rate
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women's Christian Association El Paso Del Norte Region (the Association) and it presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the allowed 10% indirect cost rate.
The Association did not elect to use the allowed 10% indirect cost rate.