Notes to SEFA
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 the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CAASE has elected to use the 10 percent de minimis indirect cost rate, with some of its grants, as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes the federal grant activity of CAASE and is presented on the accrual basis of accounting. 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). Because the schedule presents only a selected portion of the operations of CAASE, it is not intended to and does not present the financial position, changes in net assets or cash flows of CAASE.
Title: LOANS AND LOAN GUARANTEES
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 the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CAASE has elected to use the 10 percent de minimis indirect cost rate, with some of its grants, as allowed under the Uniform Guidance.
CAASE did not receive loans or loan guarantees for the year ended December 31, 2024.
Title: NON-CASH ASSISTANCE
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 the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CAASE has elected to use the 10 percent de minimis indirect cost rate, with some of its grants, as allowed under the Uniform Guidance.
CAASE did not receive non-cash assistance for the year ended December 31, 2024.
Title: INSURANCE
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 the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CAASE has elected to use the 10 percent de minimis indirect cost rate, with some of its grants, as allowed under the Uniform Guidance.
CAASE did not receive insurance assistance to reimburse losses for the year ended December 31, 2024.