Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal, State and Local Awards (the "Schedule") includes all award programs administered by Communities in Schools of Philadelphia, Inc. d/b/a Launch of Philadelphia. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not use the deminimus cost rate
The accompanying Schedule is presented on the accrual basis of accounting.