Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the Federal award activity of United Way of Monterey County, Inc. (the “Organization”), under programs of the federal government for the year ended June 30, 2024, 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 the Organization, it is not intended to and does not present the financial position, activities, or cash flows of the Organization.
The amounts shown as current year expenses represent only the federal portion of the program costs. Entire program costs, including the Organization's portion, may be more than shown.
The Organization has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for certain federal programs. For all other federal programs, the Organization has either used a federally negotiated indirect cost rate or has not claimed indirect costs. The basis of determining which programs utilize the de minimis rate is in accordance with the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.