Notes to SEFA
The reporting entity for the purposes of the accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) is the United Way of Broward County, Inc. (the Organization). The accompanying Schedule includes the federal award activity of the Organization under programs of the federal government for the year ended June 30, 2025. The federal award expenditures are 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 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, changes in net assets or cash flows of the Organization.
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.
The Organization has elected to use the de minimis cost rate of 10% allowed under the Uniform Guidance during the year ended June 30, 2025.