Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accrual basis of accounting was used to prepare the SEFA.
De Minimis Rate Used: N
Rate Explanation: Actual costs were used.
The accompanying schedules of expenditures of federal and state awards (“schedules”)include the federal and state grant activities of Communities In Schools of Houston, Inc.(the “Organization”) under programs of the federal and state governments for the yearended August 31, 2024. The information in these schedules is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (“Uniform Guidance”) and the State of Texas Uniform Grant ManagementStandards (“UGMS”), respectively. Therefore, amounts presented in these schedules maydiffer from amounts presented in, or used in, the preparation of the Organization’sfinancial statements. Additionally, since the schedules present only a selected portion ofthe Organization’s operations, it is not intended to and does not present the financialposition, changes in net assets, or cash flows of the Organization.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accrual basis of accounting was used to prepare the SEFA.
De Minimis Rate Used: N
Rate Explanation: Actual costs were used.
Expenditures presented in the Schedules are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance or UGMS, as applicable, wherein certain types of expenditures are not allowableor are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: The accrual basis of accounting was used to prepare the SEFA.
De Minimis Rate Used: N
Rate Explanation: Actual costs were used.
The Organization has elected not to use the 10% de minimis indirect cost rate allowedunder the Uniform Guidance.
Title: Contingencies
Accounting Policies: The accrual basis of accounting was used to prepare the SEFA.
De Minimis Rate Used: N
Rate Explanation: Actual costs were used.
Federal and state grants received by the Organization are subject to review and audit bygrantor agencies. The Organization’s management believes that the results of such auditswill not have a material effect on the schedules.