The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Boulder, Colorado for the year ended December 31, 2024. All federal financial assistance received directly from federal agencies, as well as federal financial assistance passed through other governmental agencies, is included in the schedule. The information in this schedule is presented in accordance with requirements of the Code of Federal Regulations, 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements.
Since 2019, the City of Boulder has served as the host organization for the non-profit Boulder Small Business Development Center (SBDC). The city contracted with the SBDC for economic development services using Federal pass-through funds provided by the Colorado Office of Economic Development & International Trade (OEDIT). During 2024, the SBDC’s employees were hired by the City and related economic development activities are conducted by the City directly. Upon subsequent review of the SBDC’s funding agreements during this transition, the city determined that pass-through funds should be reflected on the SEFA as federal pass-through expenditures retroactive to the beginning of the grant periods for three federal pass-through programs in addition to the 2020-2021 Coronavirus Aid, Relief, and Economic Security Fund (CARES) Act and 2022-2023 American Rescue Plan Act (ARPA) programs. Therefore, the adjustments below affect the 2024 expenditures presented in the SEFA: Program AL Number AGREEMENT Number YEAR Adjusted Federal Expenditures Amount FAST 59.058 POGG1-2019-2932 2019 $ 75,000.00 FAST 59.058 POGG1 2020-2895 2020 $ 75,000.00 FAST 59.058 POGG1 2021-2479 2021 $ 75,000.00 FAST 59.058 POGG1 2022-2314 2022 $ 125,000.00 FAST 59.058 DO 2023-2298 2023 $ 125,000.00 CORE 59.037 CTGG1 2019-2793 2019 $ 100,000.00 CORE 59.037 CTGG1 2020-2586 2020 $ 100,000.00 CORE 59.037 CTGG1 2021-2833 2021 $ 100,000.00 CORE 59.037 POGG1 2022-2615 2022 $ 100,000.00 CORE 59.037 DO 2023-2251 2023 $ 105,000.00 CARES ACT 21.019 CTGG1 2020-2586 2020-2021 $ 230,000.00 ARPA 21.027 CTGG1 2022-3179 2022-2023 $ 108,192.35
The pass-through award numbers for the Disaster Grants – Public Assistance program were PW141, PW1047, PW1211 and PW1168. The pass-through award numbers for the Small Business Development Centers were DO 2024-2211, DO 2024-2101 and DO 2024-2265.
The City participates in the Community Development Block Grant (CDBG) (ALN# 14.218) Section 108 Loan Guarantee Program, which is subject to continuing compliance requirements until project completion. The outstanding loan balance as of December 31, 2024, was $ 3,212,000.