Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Coalition to Abolish Slavery & Trafficking (CAST) and is presented on the accrual basis of accounting. The information in the Schedule 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements of CAST as of and for the year ended June 30, 2025. In the Schedule, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Passthrough entity identifying numbers are presented where available. CAST has not elected use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance for the year ended June 30, 2025.
The amount of loans reported on the Schedule consists of loans made or received during the year, beginning of year balance of loans for which the federal government imposes continuing compliance requirements, and any interest or administrative costs allowed. The balance outstanding under the Hummingbird Haven Acquisition Loan at June 30, 2025 is as follows: Award ALN Balance B-20-MC-06-0523 14.218 $ 2,480,000 B-20-MC-06-0523 21.019 356,182 $ 2,836,182