Audit 21733

Accounting Policies: 1.Basis of PresentationThe accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant activity of United Way of Greater Union County (UWGUC) for the year ended August 31, 2022. 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 State of New Jersey, Department of the Treasury, Office of Management and Budget Policy Circular 15-08-OMB (NJ 15-08-OMB). Because the schedule of expenditures of federal awards and state financial assistance presents only a selected portion of the operations of UWGUC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of UWGUC. 2.Summary of Significant Accounting Policies Expenditures reported on the schedule of expenditures of federal awards and state financial assistance are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and NJ 15-08-OMB, wherein certain types of expenditures are not allowed or are limited as to reimbursement. 3.Indirect CostsUWGUC does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent de minimus cost rate as covered in section 200.414 in the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.