Notes to SEFA
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.
Blue Valley Community Action, Inc. did not elect to use the de minimis cost rate, the Organization does have a negotiated indirect cost rate agreement (NICRA).
Amounts shown under the Commodity Supplemental Food Program include non-cash items of commodities received and distributed under the grant program.
The accompanying schedule of expenditures of federal awards includes the outstanding balance at 10/01/2024 of HOME Investment Partnership and the USDA Rural Development Rural Rental Housing loans, because the Federal Government imposes continuing compliance requirements. HOME loan outstanding balance at 09/30/2025 was $1,485,000.00 USDA outstanding loan balance at 09/30/2025 was $1,416,722.12