Notes to SEFA
The Schedule of Expenditures of Federal Awards (the "Schedule") is presented on the accrual basis of accounting, and its purpose is to present, in summary form, the student financial assistance, training and other activities of Universal Technology College of Puerto Rico, Inc. for the year ended September 30, 2025, which have been financed by federal agencies. System of Award Management Assistance Listing Number (ALN) numbers are presented for those programs for which such numbers are available. Federal programs are presented as appropriate, by Federal Department.
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. Universal Technology College of Puerto Rico, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Student Financial Aid Cluster, Education Stabilization Fund and Higher Education Institutional Aid were the only major programs of the Institution for the year ended September 30, 2025.
The ALN Numbers included in this schedule was determined based on the Assistance Listings maintained by the U.S. General Services Administration through SAM.gov.
The Project did not provide awards to any subrecipients.