Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: YWCA Cass Clay has not elected to use the 10% de minimis cost rate.
The accompanying schedule includes the federal award activity of YWCA Cass Clay underprograms of the federal government for the year ended December 31, 2022. The information 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 YWCA Cass Clay, it is not intended to and does not present the financial position, changes in net assets, or cash flows of YWCA Cass Clay.
Title: NOTES PAYABLE
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: YWCA Cass Clay has not elected to use the 10% de minimis cost rate.
The calculation of federal expenditures for the Housing Trust Fund program includes the beginning of year loan balance as well as new funds drawn. The loan balance outstanding for the program as of December 31, 2022 totaled $325,549. The calculation of federal expenditures for the HOME program includes the beginning of year loan balance as well as new funds drawn. The loan balance outstanding for the program as of December 31, 2022 totaled $2,308,009.
Title: FINANCIAL STATEMENT RECONCILIATION
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: YWCA Cass Clay has not elected to use the 10% de minimis cost rate.
Government grant revenue per the consolidated statement of activities for the year ended December 31, 2022 has been reconciled to the total federal expenditures per the schedule as follows: Government grants $ 2,815,059 Less non-federal grants (1,356,734) Total federal grants 1,458,325 Housing Trust Fund loan 325,549 HOME loan 2,308,009 Total $ 4,091,883 Total federal expenditures on SEFA $ 4,091,883
Title: EMPLOYER IDENTIFICATION NUMBERS
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: YWCA Cass Clay has not elected to use the 10% de minimis cost rate.
The accompanying Schedule includes the activities of YWCA Cass Clay, EIN #45-0226435 and Lantern Light, LLC, EIN #87-2258273.