Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards ("the Schedule") includes the federal award activity of The Young Men's Christian Association of Moultrie, Georgia ("the Organization") under the programs of the federal government for the year ended December 31, 2022. 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). Becasue the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the finanical position, changes in net asseets, or cash flows of the Organization. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherin certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown oin the Schedule represent adjsutments or credits made in the normal course of business ot amounts reported as expenditures in the prior years. The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.