Notes to SEFA
The accompanying Schedule includes the federal award activity of BMC under programs of the federal government for the year ended June 30, 2025, on an accrual basis of accounting. The information in the Schedule is presented in accordance with the Single Audit.
Total expenditures per the Schedule reconcile to BMC’s financial statements for the year ended June 30, 2025 as follows: Revenue per the statements of activities and change in net assets Federal grants, including state matching grant $ 6,481,223 Other federal grants 1,200,315 Total per Financial Statements 7,681,538 Less: state matching grant 678,759 Total Expenditure per Schedule of Expenditures of Federal Awards $ 7,002,779