Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures presented in the Schedule is 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: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (schedule) include the federal grant activities of Communities In Schools of Houston, Inc.(the Organization) under programs of the federal government for the year ended August 31, 2022. The information in this 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, amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the Organizations financial statements. Additionally, since the schedule present only a selected portion of the Organizations operations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Contingencies
Accounting Policies: Expenditures presented in the Schedule is 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: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Federal grants received by the Organization are subject to review and audit by grantor agencies. The Organizations management believes that the results of such audits will not have a material effect on the schedule.