Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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 (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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 (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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 SEFA and SESA are presented using the accrual basis of accounting. The accrual basis of accounting is described in Note 1 of the financial statements note disclosures.
Title: Contingencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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 and state 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 (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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 (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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
Title: Restatement of SEFA and addition of SESA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) and Schedule of Expenditures of State Awards (SESA) include the federal and state grant activity of Unity Partners (the “Organization”), respectively, and are presented on the accrual basis of accounting. The information in the SEFA schedule is presented in accordance with the requirements of Government Auditing Standards issued by the Comptroller General of the United States (the Uniform Guidance) while the information in the SESA is presented in accordance with the requirements of Texas Grant Management Standards. 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.
Subsequent to the issuance of the financial statements, management determined that the amount of revenues from state grant awards improperly included amounts from federal grant contracts received from a passthrough entity. Management has restated the financial statements and the Schedule of Expenditures of Federal Awards to correct the classification of federal and state grant awards. Additionally, the Schedule of Expenditures of State Awards was added as supplementary information to the financial statements.
Restatement of SEFA and addition of SESA – continued
The following amounts have been restated in the SEFA and SESA: