Title: SEFA(4) Noncash Assistance
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
The Organization has not received any noncash assistance for the fiscal year ended June 30, 2022.
Title: SEFA(5) Loan and Loan Guarantees
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
The Organization has not received any loan or loan guarantees for the fiscal year ended June 30, 2022.
Title: SEFA(6) Federally Funded Insurance
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
The Organization has not received any federally funded insurance for the fiscal year ended June 30, 2022.
Title: SEFA(1) Basis of Presentation
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the United Way of the Coastal Bend, Inc. (the Organization) under programs of the Federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: SEFA(7) Contingencies
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Organization does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization.
Title: SEFA(8) Subrecipients
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2022, the Organization did not expend any funds to subrecipients.
Title: SEFA(9) Federal Pass-Through Funds
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
The Organization was the sub-recipient of federal funds for the year ended June 30, 2022.
Title: SEFA(2) Summary of Significant Accounting Policies
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: SEFA(3) Indirect Cost Rate
Accounting Policies: Accounting Policies (See Additional Notes for Significant Accounting Policies and Notes to SEFA)
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.
The Organization has elected to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance.