Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Communities in Schools of Southeast Harris County, Inc. (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in the schedule may 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. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards. The Organization has elected not to use the 10% de minimus indirect cost rate allowed 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 the supplementary schedules may not agree because of accruals included in the next report filed with the agencies, matching requirements not included in the SEFA and different program year ends.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.