Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Unity Partners (the “Organization”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Unity Partners (the “Organization”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Unity Partners (the “Organization”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The accrual basis of accounting in described in Note 1 of the financial statements note disclosures.
Title: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Unity Partners (the “Organization”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Allowable expenditures of federal awards are subject to audit and adjustment by grantor agencies. Any disallowed claims, including amounts already collected, may constitute a liability of the Organization.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Unity Partners (the “Organization”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Insurance in Effect
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Unity Partners (the “Organization”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
For the year ended August 31, 2024, the following insurance was in effect:
General liability $2,000,000
Commercial auto liability $1,000,000
Directors & officers $1,000,000
Fidelity bond $ 50,000
Volunteers $ 25,000
Commercial property fire Coverage varies, but sufficient to cover contents