Audit 359734

Accounting Policies: Basis of Accounting - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Federal financial assistance pursuant to the Single Audit Act of 1984; the Single Audit Act Amendments of 2015, and the Uniform Guidance, federal assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance, endowments, or direct appropriations. Federal financial assistance does not include direct federal cash assistance to individuals. Assistance Listing Number (ALN) – The Uniform Guidance requires the Schedule to show the total expenditures for each of the YMCA's federal financial assistance programs as identified in the Schedule. The Schedule is an entity-wide summary of individual federal programs. Each program included in the Schedule is assigned a five-digit program identification number, or ALN, which is reflected in the Schedule. Federal financial assistance programs and contracts which have not been assigned an ALN number have been identified as Unknown in the “ALN Column” of the Schedule. Type A and Type B Programs - The Single Audit Act of 1984 (as amended) and the Uniform Guidance establish the levels to be used in defining Type A and Type B federal programs. Type A programs for the YMCA are those programs that exceeded $750,000 in the federal awards expended for the fiscal year ended December 31, 2023. All other programs are classified as Type B by the YMCA. Loan or Loan Guarantee Programs - No loan or loan guarantee programs were expended during, nor did any exist as of, the fiscal year ended December 31, 2023. 10% de Minimis Indirect Cost Rate - The YMCA elected to use the 10% de minimis indirect cost rate for the year ended December 31, 2023. Reporting Entity - The YMCA’s reporting entity is fully described in Footnote 1 of the YMCA's basic financial statements. The Schedule includes all federal financial assistance programs administered by the YMCA for the year ended December 31, 2023. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.