Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Allowed Under Uniform Guidance
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Community Action Stops Abuse, Inc. under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and Chapter 10.650, Rules of the State of Florida Auditor General (“Chapter 10.650”). Because the Schedule presents only a selected portion of the operations of Community Action Stops Abuse, Inc., it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Community Action Stops Abuse, Inc. and Subsidiaries.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Allowed Under Uniform Guidance
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards and Chapter 10.650, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Other
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Allowed Under Uniform Guidance
The accompanying Schedule includes federal and state expenditures awarded by federal and state agencies and certain pass-through agencies. Expenditures of certain federal programs and state projects were awarded to Community Action Stops Abuse, Inc. by more than one pass-through agency or under more than one contract.
The Organization has elected to use the 10% de minimus rate allowed under the Uniform Guidance.
Title: Loans
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Allowed Under Uniform Guidance
Loans outstanding at the beginning of the year and loans received during the year, if any, are included in the federal expenditures presented in the Schedule. The balance of outstanding loans as of June 30, 2024 consists of:
AL Number Balance atFederal Program June 30, 2024
14.218 Community Development Block Grants/Entitlement Grants 16,750
14.218 Community Development Block Grants/Entitlement Grants 22,500
14.218 Community Development Block Grants/Entitlement Grants 45,000
14.218 Community Development Block Grants/Entitlement Grants 74,220
14.218 Community Development Block Grants/Entitlement Grants 69,900
14.218 Community Development Block Grants/Entitlement Grants 4,536