Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of YMCA of Greater Springfield, Inc. under programs of the federal government for the year ended December 31, 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 portion of the operations of YMCA of Greater Springfield, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of YMCA of Greater Springfield, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement. YMCA of Greater Springfield, Inc. has elected not to use the 15 percent de minimis indirect cost rateas allowed under the Uniform Guidance.
Expenditure of federal awards for funds passed through state agencies is based on information provided by the Commonwealth of Massachusetts Operational Services Division.