Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Meriden-New Britain-Berlin Young Men's Christian Association, Inc. (Meriden-New Britain-Berlin YMCA) under the 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 selected portion of the operations of Meriden-New Britain-Berlin YMCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of Meriden-New Britain-Berlin YMCA.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Meriden-New Britain-Berlin YMCA has elected to use the de minimis indirect cost rate allowed under Uniform Guidance. Pass-through entity identifying numbers are presented where available.