Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Blue Mountain Action Council under programs of the federal government for the year ended March 31, 2025. 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 Blue Mountain Action Council, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Blue Mountain Action Council.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has elected to use the de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization uses a lower indirect cost rate when required by the grant.