Audit 356805

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of North Carolina Alliance of YMCAs, Inc. (the Alliance) under programs of the federal government for the year ended December 31, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Alliance, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of the Alliance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Expenditures are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Alliance has elected not to use the de minimis 10 percent indirect cost rate allowed under the Uniform Guidance.