Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards (SEFA) includes the federalgrant activity of Communities in Schools of Brazoria County, Inc. (the Organization) and ispresented on the accrual basis of accounting. The information in this schedule is presentedin accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Therefore, some amounts presented in the schedulemay differ from amounts presented in or used in the preparation of the financial statements. Summary of Significant Accounting PoliciesExpenditures reported on the SEFA are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles as found in the Uniform Guidance forfederal awards. The Organization has elected not to use the 10% de minimus indirect cost rateallowed under the Uniform Guidance. Relationship to Financial Reports Submitted to Grantor AgenciesAmounts reflected in the financial reports filed with grantor agencies for the programs and thesupplementary schedules may not agree because of accruals included in the next report filedwith the agencies, matching requirements not included in the SEFA and different program yearends.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.