Notes to SEFA
The accompanying schedule of expenditures of federal awards includes federal grant activity of Urban Support Agency, Inc., and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
The accompanying schedule of expenditures of federal awards covers the fiscal year ended June 30, 2025.
During the year ended June 30, 2025, Urban Support Agency, Inc. did not elect to use the 10% de minimis cost rate.
Urban Support Agency, Inc. did not expend federal awards related to loans or loan guarantees during the year ended June 30, 2025. Urban Support Agency, Inc. had no loans outstanding at the year ended June 30, 2025.
Urban Support Agency, Inc. has no federally funded insurance.
Urban Support Agency, Inc. did not receive any federal noncash assistance for the fiscal year ended June 30, 2025.