Notes to SEFA
Title: (1) Definition of Reporting Entity
Accounting Policies: Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of
accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally
published wholesale prices for purposes of this schedule.
(c) Food Nutrition Service Programs (ALN # 10.558/10.559)
Program expenditures in the accompanying schedule of expenditures of federal awards represent total
federal reimbursements for meals provided during fiscal 2024.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the activity of all expenditures of
federal awards programs of the Young Men’s Christian Association of Greater Boston, Inc. (the
Association). All expenditures of federal awards received directly from federal agencies as well as
expenditures of federal awards passed through other government agencies are included on the schedule.
Title: (4) Subrecipients
Accounting Policies: Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of
accounting.
(b) Food Distribution Program
Noncash contributions of commodities under the Food Distribution program are valued at federally
published wholesale prices for purposes of this schedule.
(c) Food Nutrition Service Programs (ALN # 10.558/10.559)
Program expenditures in the accompanying schedule of expenditures of federal awards represent total
federal reimbursements for meals provided during fiscal 2024.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The Association did not pass-through any funds to subrecipients during the year ended December 31,
2024.