Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
Title: NOTE 2 – PROGRAM COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Expenditures represent only the federally funded portions of the Agency programs. Entire program costs, including the portions funded by Agency, may be more than shown.
Title: NOTE 3 – NON-CASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Agency did not receive non-cash awards during the year ended June 30, 2023.
Title: NOTE 4 – SUB-RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Agency provided no awards to sub-recipients during the year ended June 30, 2023 with respect to the federal awards reported on the Schedule.
Title: NOTE 5 – NON-CASH ASSISTANCE FROM FEDERAL LOANS AND INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Agency had no insurance provided under federal awards during the year ended June 30, 2023 or any federal loans or federal loan guarantees outstanding as of June 30, 2023.
Title: NOTE 6 – INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) of Chinese American Service League, Inc. (the “Agency”) is presented on the same basis of accounting as the Agency’s financial statements. The Agency uses 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. Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Agency has elected to use the de minimis 10% rate for allocating indirect costs.