Title: General
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
The accompanying schedule of expenditures of federal and state of Oklahoma and Texas awards includes the
federal and state grant activity of The Family Initiative, Inc. and Affiliates, for the year ended June 30, 2024. All
federal awards passed through other governmental agencies are included on the schedule.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
The accompanying schedule of expenditures of federal and state of Oklahoma and Texas awards (the “Schedule”)
includes the federal award activity of The Family Initiative, Inc. under programs of the federal government for the year
ended June 30, 2024. 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) and the UGMS of the State of Texas Single Audit Circular.
Because the Schedule presents only a selected portion of the operations of The Family Initiative, Inc., it is not intended
to and does not present the financial position, changes in net assets or cash flows of The Family Initiative, Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Subrecipients and Contractors
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
During the year, The Family Initiative, Inc. and Affiliates, operated as the monitoring and administrative agent of a
contract for the Texas Department of Family and Protective Services. Responsibilities under this contract include
the monitoring of contracting agencies with which its program placed foster children.
Title: Other Expenditures
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
The Family Initiative, Inc. and Affiliates, did not receive any other federal or state awards in the form of noncash
assistance, insurance, loans, or loan guarantees and incurred no expenditures in relation thereof for the year ended
June 30, 2024.
Title: State Awards
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
State awards received by The Family Initiative, Inc. and Affiliates, from Texas and Oklahoma during the year
consisted of federal pass-through funds commingled with state general revenue funds or state funds only.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.
The Family Initiative, Inc. and Affiliates, has elected to use the 10 percent de minimis indirect cost rate on selected
contracts as agreed upon with those grantors. For the remaining federal and state contracts, it continues to use the
rates negotiated individually with the grantors for that specific contract.