Notes to SEFA
The accompanying schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal award and state financial assistance activity of United Community Corporation under programs of the federal and state governments for the year ended December 31, 2024. 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 (the “Uniform Guidance”) and the State of New Jersey, Department of the Treasury, Office of Management and Budget Policy Circular 15-08-OMB ("15-08-OMB"). Because the Schedule presents only a selected portion of the operations of United Community Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the United Community Corporation.