Title: Note A
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant
expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any
property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis rate
The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Audit Guides issued by the California
Department of Education and California Department of Social Services. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of YMCA of Greater Long Beach, it is not intended to, and does not, present the financial position, changes in net assets, functional expenses, or cash flows of YMCA of Greater Long Beach. The YMCA of Greater Long Beach’s reporting entity is defined in Note 1 to the financial statements. All federal and state awards are included in the Schedule.
Title: Note B
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant
expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any
property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis rate
The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are presented where available.
Title: Note C
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant
expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any
property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis rate
Amounts reported in the Schedule of Expenditure of Federal Awards agree with the amounts reported in the related federal, state, county, and city financial reports for all major federal, state, county, and city programs.
Title: Note D
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant
expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any
property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis rate
Office of Management and Budget (OMB) increased the de minimis indirect cost rate from 10 percent to 15 percent effective starting October 1, 2024. YMCA of Greater Long Beach has not elected to use the 15 percent de minimis indirect cost rate for the year ended December 31, 2024.
Title: Note E
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant
expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any
property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis rate
YMCA of Greater Long Beach elected to use the 5.5 percent administrative cost rate for the year ended December 31, 2024.
Title: Note F
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, whereby eligible grant
expenditures are recorded when incurred (i.e., when goods are received or services provided). Such
expenditures are recognized following the cost principles in Subpart E of Title 2 U.S. CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any
property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis rate
The Organization did not provide federal awards to subrecipients.