Notes to SEFA
The accompanying schedule of expenditures of federal awards (the ‘Schedule’) includes the federal grant activity administered by the Pittsburgh-Mount Oliver Intermediate Unit #2 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 Grant Guidance – UGG). Because the Schedule presents only a selected portion of the operations of the Intermediate Unit, it is not intended to and does not present the financial position or changes in net position of the Pittsburgh-Mount Oliver Intermediate Unit #2.
Federal financial award revenues are included in the financial statements as 'federal source' revenues and further detailed by federal program on page 56.
Federal grant receivables are included as part of 'due from other governments' in Exhibit A and Exhibit C as referenced in Note 3 to the Financial Statements. These amounts are further detailed by the federal program on page 56. Unearned federal grant revenue, if any, is included as part of 'unearned revenue' in Exhibit A and Exhibit C as referenced in Note 7 and is further detailed by the federal program on page 56.