Notes to SEFA
Title: Basis of Presentation
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: All costs are charged directly to the federal award
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of United Way of Wyoming Valley, Pennsylvania also D/B/A United Way of Susquehanna County under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of United Way of Wyoming Valley, Pennsylvania also D/B/A United Way of Susquehanna County, it is not intended to and does not present the financial position, changes in net assets, or cash flows of United Way of Wyoming Valley, Pennsylvania also D/B/A United Way of Susquehanna County.
Title: Summary of Significant Accounting Policies
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: All costs are charged directly to the federal award
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: Indirect Cost Rate
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: All costs are charged directly to the federal award
United Way of Wyoming Valley, Pennsylvania also D/B/A Susquehanna County has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.