Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of the Blumont, Inc. and Affiliates under programs of the federal government for the year ended December 31, 2024. The information in this 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 Blumont, Inc. and Affiliates, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the Organization.
The Organization received donated commodities from USAID for Foreign Assistance for Programs Overseas (ALN 98.001). In accordance with Uniform Guidance, the value of these non-cash commodities is included in the federal expenditures reported on the Schedule. The commodities were valued at the entitlement value provided by USAID. During the year ended December 31, 2024, the total value of commodities expended and included on the Schedule was $553,095.
The reconciliation of the Schedule of Expenditures of Federal Awards to total contract and grant revenue on the 2024 Consolidated Statement of Activities is as follows: Schedule of Expenditures of Federal Awards $ 54,192,355 Nonfederal programs 13,269,734 Total contract and grant revenue $ 67,462,089