Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on accrual basis of accounting. Such expenditures are recognized following the cost principles contain in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: UnidosUS has not elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the standalone entity UnidosUS and Affiliates (UnidosUS) under programs of the federal government for the year ended September 30, 2022. UnidosUS's basic consolidated financial statements include the operations of the Raza Development Fund, Inc., which received $85,227,306 in federal awards and complies with Uniform Guidance on a standalone basis, which is not included in UnidosUS's schedule of federal expenditures for the year ended September 30, 2022. The information in the 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). Because the Schedule presents only a selected portion of the operations of UnidosUS, it is not intended to and does not present the financial position, changes in net assets or cash flows of UnidosUS.