Notes to SEFA
Title: GENERAL
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The accrual basis of accounting is described in Note 2 of the footnotes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: CIS-HOT has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award programs of Communities In Schools of the Heart of Texas (“CIS-HOT”). Federal awards received directly from Federal agencies, as well as Federal passed through other government agencies, are included on the Schedule of Expenditures of Federal Awards.
Title: BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The accrual basis of accounting is described in Note 2 of the footnotes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: CIS-HOT has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The accrual basis of accounting is described in Note 2 of the footnotes to the financial statements.
Title: INDIRECT COSTS
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The accrual basis of accounting is described in Note 2 of the footnotes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: CIS-HOT has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CIS-HOT has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.