Audit 54571

Title: note 1 - Basis of Presentation Accounting Policies: Note 2 - Summary of Significant Accounting Policies Expenditures reported in the Schedule are reported on the accrual basis of accounting. See Note B of the notes to the financial statements for United Way of Tarrant Countys significant accounting policies. These expenditures are reported on United Way of Tarrant Countys fiscal year-end, which is from July 1, 2021 to June 30, 2022. Expenditure reports to funding agencies are prepared based on award periods. Such expenditures are recognized following the cost principles in the Uniform Guidance and UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. United Way of Tarrant County has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance with the exception of the Volunteer Income Tax Assistance (VITA) Matching Grant Programs identified on the Schedule as 21VITA0193 and 22VITA0250. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. See last sentence in above note. The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of United Way of Tarrant County under programs of the federal and state 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and State of Texas Uniform Grant Management Standards (UGMS). Because the Schedule presents only a selected portion of the operations of United Way of Tarrant County, it isnot intended to, and does not, present the financial position, changes in net assets, or cash flows of United Way of Tarrant County.