Title: Note 2: Basis of presentation
Accounting Policies: The supplementary schedule of expenditures of federal and state awards (the "Schedule") is prepared on the accrual basis of accounting. The information in the 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 Young Men's Christian Association of Middle Tennessee (the "YMCA"), it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the YMCA.
De Minimis Rate Used: N
Rate Explanation: The YMCA did not elect to use the 10% de minimis indirect cost rate; however, no indirect costs were allocated to the awards during 2022.
The accompanying Schedule depicts the expenditures of the federal and state awards. The Child and Adult Care Food Program for Contract No. 10.558 and Summer Food Service Program for Children Contract No. 10.559 are fixed, per diem rate contracts.
Title: Note 4: Noncash awards
Accounting Policies: The supplementary schedule of expenditures of federal and state awards (the "Schedule") is prepared on the accrual basis of accounting. The information in the 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 Young Men's Christian Association of Middle Tennessee (the "YMCA"), it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the YMCA.
De Minimis Rate Used: N
Rate Explanation: The YMCA did not elect to use the 10% de minimis indirect cost rate; however, no indirect costs were allocated to the awards during 2022.
The YMCA did not receive noncash federal awards during the year ended December 31, 2022.
Title: Note 5: Subrecipients
Accounting Policies: The supplementary schedule of expenditures of federal and state awards (the "Schedule") is prepared on the accrual basis of accounting. The information in the 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 Young Men's Christian Association of Middle Tennessee (the "YMCA"), it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the YMCA.
De Minimis Rate Used: N
Rate Explanation: The YMCA did not elect to use the 10% de minimis indirect cost rate; however, no indirect costs were allocated to the awards during 2022.
The Organization did not have expenditures to subrecipients during the year ended December 31, 2022.
Title: Note 6: Contingencies
Accounting Policies: The supplementary schedule of expenditures of federal and state awards (the "Schedule") is prepared on the accrual basis of accounting. The information in the 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 Young Men's Christian Association of Middle Tennessee (the "YMCA"), it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the YMCA.
De Minimis Rate Used: N
Rate Explanation: The YMCA did not elect to use the 10% de minimis indirect cost rate; however, no indirect costs were allocated to the awards during 2022.
These programs are subject to financial and compliance audits by grantor agencies. The amount, if any, of expenditures that may be disallowed by the grantor agencies cannot be determined at this time, although the YMCA expects such amounts, if any, to be immaterial.