Notes to SEFA
The accompanying schedule of expenditures of federal awards (the ‘Schedule’) includes the federal grant activity administered by the United Way of Mercer County for the year ended March 31, 2025. The information in this 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 Grant Guidance – UGG). Because the Schedule presents only a selected portion of the operations of the United Way of Mercer County, it is not intended to and does not present the financial position or changes in net assets of the United Way of Mercer County.
U.S. Department of Education Community Learning Center federal financial award revenues, and federal financial award revenues from the Department of Labor, are included in the statement of activities as contract revenues.
Federal grant receivables are included as part of 'accounts receivable' in the statement of financial position and also detailed in Note 1. Received but unearned federal grant funding, if any, is included as unearned revenue in the statement of financial position.