Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the standalone entity of UnidosUS (UnidosUS) under programs of the federal government for the year ended September 30, 2025. UnidosUS’s and Affiliates consolidated financial statements include the operations of the Raza Development Fund, Inc., which expended $103,524,797 in federal awards (including loan balances), and complies with Uniform Guidance on a standalone basis, which is not included in UnidosUS’s schedule of federal expenditures for the year ended September 30, 2025. The information in the 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 UnidosUS, it is not intended to and does not present the financial position, changes in net assets or cash flows of UnidosUS.
Expenditures reported on the Schedule are reported on accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
UnidosUS has not elected to use the de minimis indirect cost rate permitted under the Uniform Guidance, which is 10% for awards prior to October 1, 2024, and 15% for awards after October 1, 2024.