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 OMB Circular A-122, Cost Principles for Non-Profit Organizations, or 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 Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Instead, an indirect rate of 13.36% has been negotiated.
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal awardactivity of Young Men’s Christian Association of Greater Kansas City (the “Association”) under programs of thefederal government for the year ended December 31, 2024. The information in this schedule is presented inaccordance with the requirements Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”).Because the schedule presents only a selected portion of the operations of the Organizations, it is notintended to and does not present the financial position, changes in net assets, or cash flows of theAssociation.