Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) reflects the expenditures of United Theological Seminary (the Seminary) under programs of the Federal government for the year ended June 30, 2025. Because the Schedule presents only a selected portion of the operations of the Seminary, it is not intended to, and does not, present the financial position, changes in net assets and cash flows of the Seminary for the year ended June 30, 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 Guidance).
The Federal Work Study program requires the Seminary to contribute non-federal funds (matching funds) to support the program. The Seminary has complied with the matching requirements. The expenditure of non-federal (matching) funds is not included on the Schedule of Expenditures of Federal Awards.