Notes to SEFA
Accounting Policies: Note A - Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of UnitedAbility, Inc. (the Organization) under programs of the federal government for the year ended September 30, 2022. Theinformation in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to anddoes not present the financial position, changes in net assets, or cash flows of the Agency.Note B - Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited as to reimbursement. There are no sub-recipient expenditures.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.