Title: NOTE 1 - BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
Woodlands Religious Community, Inc. dba Interfaith of The Woodlands (Interfaith). Interfaith accounts for
all awards under federal programs on an accrual basis of accounting. The information in this schedule is
presented in accordance with requirements of the OMB Compliance Supplement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of
Interfaith’s financial statements.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions
of the grant and, therefore, are received on a reimbursement basis from the federal program monitor.
De Minimis Rate Used: Y
Rate Explanation: Expenditures included in the schedule represent both direct costs and indirect costs. Interfaith uses the
10% de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
Woodlands Religious Community, Inc. dba Interfaith of The Woodlands (Interfaith). Interfaith accounts for
all awards under federal programs on an accrual basis of accounting. The information in this schedule is
presented in accordance with requirements of the OMB Compliance Supplement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of
Interfaith’s financial statements.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions
of the grant and, therefore, are received on a reimbursement basis from the federal program monitor.
Title: NOTE 2 - INDIRECT COST
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
Woodlands Religious Community, Inc. dba Interfaith of The Woodlands (Interfaith). Interfaith accounts for
all awards under federal programs on an accrual basis of accounting. The information in this schedule is
presented in accordance with requirements of the OMB Compliance Supplement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of
Interfaith’s financial statements.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions
of the grant and, therefore, are received on a reimbursement basis from the federal program monitor.
De Minimis Rate Used: Y
Rate Explanation: Expenditures included in the schedule represent both direct costs and indirect costs. Interfaith uses the
10% de minimus indirect cost rate allowed under the Uniform Guidance.
Expenditures included in the schedule represent both direct costs and indirect costs. Interfaith uses the
10% de minimus indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 3 - RELATIONSHIP OF THE SCHEDULE TO FINANCIAL REPORTS SUBMITTED TO GRANT
AWARDING AGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
Woodlands Religious Community, Inc. dba Interfaith of The Woodlands (Interfaith). Interfaith accounts for
all awards under federal programs on an accrual basis of accounting. The information in this schedule is
presented in accordance with requirements of the OMB Compliance Supplement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of
Interfaith’s financial statements.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions
of the grant and, therefore, are received on a reimbursement basis from the federal program monitor.
De Minimis Rate Used: Y
Rate Explanation: Expenditures included in the schedule represent both direct costs and indirect costs. Interfaith uses the
10% de minimus indirect cost rate allowed under the Uniform Guidance.
Expenditures included in the schedule may differ from amounts reflected in the financial reports submitted
to grant awarding agencies for the following reasons:
Expenses accrued at the end of Interfaith’s fiscal year may not be included in the financial reports
submitted to grant awarding agencies until after year-end; and
Differences may exist between grant periods and Interfaith’s accounting period.
Title: NOTE 4 - CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
Woodlands Religious Community, Inc. dba Interfaith of The Woodlands (Interfaith). Interfaith accounts for
all awards under federal programs on an accrual basis of accounting. The information in this schedule is
presented in accordance with requirements of the OMB Compliance Supplement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of
Interfaith’s financial statements.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions
of the grant and, therefore, are received on a reimbursement basis from the federal program monitor.
De Minimis Rate Used: Y
Rate Explanation: Expenditures included in the schedule represent both direct costs and indirect costs. Interfaith uses the
10% de minimus indirect cost rate allowed under the Uniform Guidance.
Grants require the fulfillment of certain conditions set forth in grant agreements and are regularly monitored
and reviewed by the grantors. Failure to satisfy the requirements of contact agreements could result in
disallowed costs and return of funds to grantors. Management believes that Interfaith is in substantial
compliance with grant provisions and requirements and that disallowed costs, if any, will not be significant
to affect the amounts and disclosures in the financial statements.
Title: NOTE 5 – SUBTOTALS BY FEDERAL AGENCY AND ASSISTANCE LISTING NUMBER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
Woodlands Religious Community, Inc. dba Interfaith of The Woodlands (Interfaith). Interfaith accounts for
all awards under federal programs on an accrual basis of accounting. The information in this schedule is
presented in accordance with requirements of the OMB Compliance Supplement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of
Interfaith’s financial statements.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions
of the grant and, therefore, are received on a reimbursement basis from the federal program monitor.
De Minimis Rate Used: Y
Rate Explanation: Expenditures included in the schedule represent both direct costs and indirect costs. Interfaith uses the
10% de minimus indirect cost rate allowed under the Uniform Guidance.
Department ALN Amount
U.S Department of Agriculture 10.561 $ 1,051,782
U.S. Department of Education 84.002 $ 116,304
U.S. Department of Health and Human Services 93.575/93.596/93.667 $754,506
93.558 $4,537,837
Total for U.S. Department of Health and Human Services $5,292,343
U.S. Department of Homeland Security 97.024 $ 7,000
U.S. Department of Labor 17.207 $ 544,825
17.225 $ 953,985
17.245 $ 23,417
17.258 $ 3,547,750
17.259 $ 2,045,210
17.278 $ 3,237,711
17.801 $ 120,548
Total for U.S. Department of Labor $ 10,473,446
TOTAL $ 16,940,875