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 and Subsidiaries have not elected to use the 10% de minimis cost rate.
The accompanying schedule includes the federal award activity of YWCA Cass Clay and
Subsidiaries under programs of the federal government for the year ended December 31, 2024.
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 and Subsidiaries, it is not intended to
and does not present the financial position, changes in net assets, or cash flows of YWCA Cass
Clay and Subsidiaries.
Title: LOANS OUTSTANDING
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 and Subsidiaries have not elected to use the 10% de minimis cost rate.
The calculation of federal expenditures includes the beginning of year loan balances and new
funds drawn. The calculation of total federal expenditures for each program are as follows:
Balance of loans payable at January 1, 2024 $ 2,241,089 $ 4,037,667 $ 396,914
Funds drawn 100,818 212,509 2,453,086
Total expenditures of federal awards $ 2,341,907 $ 4,250,176 $ 2,850,000
HOME -
Housing
Trust Fund Program
HOME American Rescue
Plan Program
The loan balances outstanding for each program as of December 31, 2024 are $457,221 for the
Housing Trust Fund, $2,185,343 for the HOME Program, and $1,401,980 for the HOME –
American Rescue Plan Program.
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 and Subsidiaries have 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, 2024 has been reconciled to the total federal expenditures per the schedule as
follows:
Government grants $ 1,191,574
Less non-federal grants (166,413)
Total federal grants 1,025,161
Housing Trust Fund loan 2,341,907
HOME loan 4,250,176
HOME ARP loan 2,850,000
Total $ 10,467,244
Total federal expenditures on SEFA $ 10,467,244
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 and Subsidiaries have not elected to use the 10% de minimis cost rate.
The accompanying Schedule includes the activities of YWCA Cass Clay, EIN #45-0226435,
Lantern Light, LLC, EIN #87-2258273, and Cove Lane, LLC, EIN #92-2971789.