The accompanying Schedule of Expenditures of Federal Awards (the “Federal Schedule” or "SEFA") presents the activities of the federal financial assistance programs of the YMCA which have been financed by the U.S. Government. The information in this Federal Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Federal Schedule may differ from amounts presented in or used in preparation of the basic financial statements. All financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or nonprofit organizations, are included on the Federal Schedule. Because the Federal Schedule presents only a selected portion of the activities of the YMCA, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the YMCA.
Expenditures reported on the Federal Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement. Negative amounts shown in the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Additional policies are the following: (a) The financial transactions are recorded by the Organization in accordance with the terms and conditions of the grants, which are consistent with accounting principles generally accepted in the United States of America. (b) Expenditures are recognized in the accounting period in which the liability is incurred, if measurable, or when paid, whichever occurs first.
The assistance listing numbers included in the Schedule are determined based on the program’s name. The assistance listing number is a program identification, whose first two digits identify the federal department or agency that administers the program and the last three numbers are assigned by numerical sequence. The Assistance Listing Number and pass through award numbers are presented where available and applicable.
The Organization does not have a federally negotiated indirect cost rate applicable to the programs and therefore there is no election to the 10 percent de minims cost rate as defined in 2 CFR 200.414.
In-kind and matching expenses are non-federal share of certain program costs, therefore are not included in the accompanying Schedule.
Major programs are identified in the Summary of Audits Results Section of the Schedules of Findings and Questioned Cost.
The dollar threshold for Type A and Type B programs amounted to $750,000.
Reconciliation of total federal award expenditures per Schedule of Expenditures of federal Awards and Statements of Activities as of December 31, 2023 is as follow: Expenses per Statement of Activities and Changes in Net Assets $ 3,382,295 Plus: Federal property and equipment capitalized during 2023 41,025 Less: Non-federal expenditures 2,428,460 Less: In-Kind expenses 182,725 Total expenditure per Schedule of Expenditures of Federal Awards $ 812,135