Title: Related Parties
Accounting Policies: The schedule of expenditures of federal awards includes the current year federal grant activity of Community Partnership of the Ozarks, Inc. and is presented on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recorded when both measurable and available. Expenditures under the accrual basis of accounting are recorded when the liability is incurred. 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). All federal money, both directly received and that passed through other agencies, is included in the schedule. Other amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
There were no related party transactions significant for disclosure during the scope of this audit.
Title: Major Programs and Cluster
Accounting Policies: The schedule of expenditures of federal awards includes the current year federal grant activity of Community Partnership of the Ozarks, Inc. and is presented on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recorded when both measurable and available. Expenditures under the accrual basis of accounting are recorded when the liability is incurred. 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). All federal money, both directly received and that passed through other agencies, is included in the schedule. Other amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
As defined in the Uniform Guidance, Temporary Assistance for Needy Families programs are considered to be clusters of programs and, accordingly, have been classified as one program for testing purposes.
Title: Donated Personal Protective Equipment
Accounting Policies: The schedule of expenditures of federal awards includes the current year federal grant activity of Community Partnership of the Ozarks, Inc. and is presented on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recorded when both measurable and available. Expenditures under the accrual basis of accounting are recorded when the liability is incurred. 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). All federal money, both directly received and that passed through other agencies, is included in the schedule. Other amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Community Partnership of the Ozarks, Inc. did not receive or distribute personal protective equipment for the year ended June 30, 2022.
Title: Subsequent Events
Accounting Policies: The schedule of expenditures of federal awards includes the current year federal grant activity of Community Partnership of the Ozarks, Inc. and is presented on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recorded when both measurable and available. Expenditures under the accrual basis of accounting are recorded when the liability is incurred. 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). All federal money, both directly received and that passed through other agencies, is included in the schedule. Other amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
In preparing the schedule of expenditures of federal awards, Community Partnership of the Ozarks, Inc., has evaluated events and transactions for potential recognition or disclosure through November 6, 2022, the date the schedule was available to be issued.