Title: Note 2: BASIS OF ACCOUNTING
Accounting Policies: Note 1: BASIS PRESENTATION The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (theSchedule) includes the federal and state award activity of CareerSource Florida, Inc. (CareerSource Florida or the Organization). The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and NonProfit Organizations, Chapter 10.650, Rules of the Auditor General, and the special audit guidance provided by the Florida Department of Economic Opportunity. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. For purposes of the Schedule, federal awards and state financial assistance include all grants, contracts, and similar agreements entered into directly with the federal or state government and other passthrough entities. The Organization has obtained Catalog of Federal Domestic Assistance (CFDA) andCatalog of State Financial Assistance (CSFA) numbers to ensure that all programs have been identified in the schedule. Clusters are separately identified within this Schedule.
De Minimis Rate Used: N
Rate Explanation: Note 5: INDIRECT COST The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule was prepared on the accrual basis of accounting.
Title: Note 3: CONTINGENCIES
Accounting Policies: Note 1: BASIS PRESENTATION The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (theSchedule) includes the federal and state award activity of CareerSource Florida, Inc. (CareerSource Florida or the Organization). The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and NonProfit Organizations, Chapter 10.650, Rules of the Auditor General, and the special audit guidance provided by the Florida Department of Economic Opportunity. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. For purposes of the Schedule, federal awards and state financial assistance include all grants, contracts, and similar agreements entered into directly with the federal or state government and other passthrough entities. The Organization has obtained Catalog of Federal Domestic Assistance (CFDA) andCatalog of State Financial Assistance (CSFA) numbers to ensure that all programs have been identified in the schedule. Clusters are separately identified within this Schedule.
De Minimis Rate Used: N
Rate Explanation: Note 5: INDIRECT COST The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Grant monies received and disbursed by the Organization are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Organization does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization. As of June 30, 2022, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
Title: Note 4: NONCASH ASSISTANCE
Accounting Policies: Note 1: BASIS PRESENTATION The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (theSchedule) includes the federal and state award activity of CareerSource Florida, Inc. (CareerSource Florida or the Organization). The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and NonProfit Organizations, Chapter 10.650, Rules of the Auditor General, and the special audit guidance provided by the Florida Department of Economic Opportunity. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. For purposes of the Schedule, federal awards and state financial assistance include all grants, contracts, and similar agreements entered into directly with the federal or state government and other passthrough entities. The Organization has obtained Catalog of Federal Domestic Assistance (CFDA) andCatalog of State Financial Assistance (CSFA) numbers to ensure that all programs have been identified in the schedule. Clusters are separately identified within this Schedule.
De Minimis Rate Used: N
Rate Explanation: Note 5: INDIRECT COST The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization did not receive any federal or state noncash assistance for the year ended June 30, 2022.
Title: Note 6: FEDERALLY FUNDED INSURANCE
Accounting Policies: Note 1: BASIS PRESENTATION The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (theSchedule) includes the federal and state award activity of CareerSource Florida, Inc. (CareerSource Florida or the Organization). The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and NonProfit Organizations, Chapter 10.650, Rules of the Auditor General, and the special audit guidance provided by the Florida Department of Economic Opportunity. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. For purposes of the Schedule, federal awards and state financial assistance include all grants, contracts, and similar agreements entered into directly with the federal or state government and other passthrough entities. The Organization has obtained Catalog of Federal Domestic Assistance (CFDA) andCatalog of State Financial Assistance (CSFA) numbers to ensure that all programs have been identified in the schedule. Clusters are separately identified within this Schedule.
De Minimis Rate Used: N
Rate Explanation: Note 5: INDIRECT COST The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization did not receive federally funded insurance during the fiscal year ended June 30, 2022.
Title: Note 7: FEDERALLY FUNDED LOANS
Accounting Policies: Note 1: BASIS PRESENTATION The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (theSchedule) includes the federal and state award activity of CareerSource Florida, Inc. (CareerSource Florida or the Organization). The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and NonProfit Organizations, Chapter 10.650, Rules of the Auditor General, and the special audit guidance provided by the Florida Department of Economic Opportunity. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. For purposes of the Schedule, federal awards and state financial assistance include all grants, contracts, and similar agreements entered into directly with the federal or state government and other passthrough entities. The Organization has obtained Catalog of Federal Domestic Assistance (CFDA) andCatalog of State Financial Assistance (CSFA) numbers to ensure that all programs have been identified in the schedule. Clusters are separately identified within this Schedule.
De Minimis Rate Used: N
Rate Explanation: Note 5: INDIRECT COST The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization has no federally funded loans as of June 30, 2022. No funds were expended in the form of loan or loan guarantees during the fiscal year ended June 30, 2022.