Notes to SEFA
The accompanying schedule of expenditures of Federal Awards presents the expenditures of the year ended December 31, 2025, of all the federal assisted programs of Fondos Unidos de Puerto Rico, Inc. (United Way of Puerto Rico).
The Assistance Listing Number included in this schedule are determined based on the program name, review of grant contract information and the Office of Management and Budget’s Catalog of Federal Assistance.
Major programs are identified in the Summary of Auditor Results Section of the Schedule of Findings and Questioned Costs.
The schedule was prepared following the accrual basis of accounting, which is further explained in Note A of the basic financial statements of Fondos Unidos de Puerto Rico, Inc. (United Way of Puerto Rico)” for the year ended December 31, 2025.
Fondos Unidos de Puerto Rico, Inc. (United Way of Puerto Rico) has elected not to use the 15% of de minimis indirect cost rate as allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including Fondos Unidos de Puerto Rico (United Way of Puerto Rico) local matching share, may be more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Fondos Unidos de Puerto Rico, Inc. (United Way of Puerto Rico) did not disburse funds to subrecipients for the year ended December 31, 2025.