Title: NOTE 1 – Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Coalition to Abolish Slavery & Trafficking (CAST), and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: NOTE 2 – Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
Title: NOTE 3 – Federal Loan Program Balances
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2023. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
CAST has not elected use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
The amount of loans reported on the accompanying schedule of expenditures of federal awards consists of loans made or received during the year, beginning of year balance of loans from for which the Federal Government imposes continuing compliance requirements, and any interest or administrative costs allowed. The balance outstanding under the Hummingbird Haven Acquisition Loan at June 30, 2023 is as follows: