Notes to SEFA
Title: Basis of Accounting
Accounting Policies: Expenditures reoported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expentidures are not allowable or are limites as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CAS is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, CAS did not elect to use the 10 percent de minimis indirect cost rate as allowed for in section 2 CFR §200.414.
The financial statements of CAS have been prepared on the accrual basis of accounting. Revenues and gains are recognized and recorded when earned, and expenses and losses are recognized and recorded when incurred.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reoported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expentidures are not allowable or are limites as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CAS is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, CAS did not elect to use the 10 percent de minimis indirect cost rate as allowed for in section 2 CFR §200.414.
CAS is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, CAS did not elect to use the 10 percent de minimis indirect cost rate as allowed for in section 2 CFR §200.414
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reoported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expentidures are not allowable or are limites as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CAS is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, CAS did not elect to use the 10 percent de minimis indirect cost rate as allowed for in section 2 CFR §200.414.
Expenditures reported on the schedule are reported on the modified 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Federal Assistance Listing (FAL) Numbers
Accounting Policies: Expenditures reoported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expentidures are not allowable or are limites as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CAS is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, CAS did not elect to use the 10 percent de minimis indirect cost rate as allowed for in section 2 CFR §200.414.
The program titles and FAL numbers were obtained from the federal or pass-through grantor or the 2024 Catalog of Federal Assistance Listings.
Title: Subricipients
Accounting Policies: Expenditures reoported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expentidures are not allowable or are limites as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CAS is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, CAS did not elect to use the 10 percent de minimis indirect cost rate as allowed for in section 2 CFR §200.414.
CAS did not have any subrecipients for fiscal year 2024.