The accompanying schedule of expenditures of federal and non-federal awards (the "Schedule") includes the federal and non-federal award activity of United States Veterans Initiative and Subsidiaries (the "Organization") under programs of the federal and other government agencies for the year ended June 30, 2025, as well as federal contracts and state and local awards. 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 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 limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable
The following list includes sub-recipients and expenditure amounts of amounts under Federal awards in the Assistance Listing as of June 30, 2024: 14.267 - Continuum of Care Program Career and Recovery Resources, Inc. $ 182,933 182,933 64.033 - Supportive Services for Veteran Families Program UNOM New Day Centers, Inc. 1,290,481 Nevada Legal Services, Inc. 3,000 1,293,481 64.024 - VA Homeless Providers Grant and Per Diem Program Honolulu Community Action Program 75,600 75,600 $ 1,552,014
The federal award of $1,900,000 from the County of Riverside, Assistance Listing 21.027, is a loan. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures represented in the Schedule. There were no new loans made during the year and the amount reported as federal expenditures is the same as the June 30, 2024 balance. U.S.VETS did not receive federal insurance or non-cash assistance during the year ended June 30, 2025.
U.S.VETS has elected not to use the 10% de minimis indirect cost rate for federal awards. U.S.VETS applies indirect costs in accordance with the specific terms of its federal award agreements.