Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Young Men’s Christian Association of San Francisco (the “Association”) under programs of the federal government for the year ended June 30, 2025. The information in this 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”). Because the Schedule presents only a selected portion of the operations of the Association, it is not intended to and does not present the financial position, and changes in net assets or cash flows of the Association.
Certain funds are passed through to subrecipient organizations by the Association. Expenditures incurred by the subrecipients and reimbursed by the Association are included in the Schedule.