Notes to SEFA
Title: NOTE A
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Blue Valley
Community Action, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule
may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Blue Valley
Community Action, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule
may differ from amounts presented, or used in the preparation of, the basic financial statements.
Title: NOTE B
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Blue Valley
Community Action, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule
may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
Blue Valley Community Action, Inc. did not elect to use the 10% de Minimis cost rate, as it does not qualify.
Title: NOTE C
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Blue Valley
Community Action, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule
may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
Amounts shown under the Commodity Supplemental Food Program include non-cash items of commodities received and distributed under the grant program
Title: NOTE D
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Blue Valley
Community Action, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule
may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal awards includes the outstanding balance at 10/01/2022 of HOME Investment Partnership and the USDA Rural Development Rural Rental Housing loans, because the Federal Government imposes continuing compliance requirements.