The accompanying schedule of expenditures of federal awards includes the federal award activity of Valley Opportunity Council, Inc. under programs of the federal government for the year ended June 30, 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 portion of the operations of Valley Opportunity Council, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Valley Opportunity Council, Inc.
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. Negative amounts, if any, shown on the Schedule of Expenditures of Federal Awards represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
Expenditures of federal awards for funds passed through state agencies are based on information provided by the Commonwealth of Massachusetts Operational Services Division.
Valley Opportunity Council, Inc. received federal noncash assistance in the form of Women/Infants/Children (CFDA Number 10.557) program vouchers and rebates totaling $3,074,367 for the year ended June 30, 2025.
Department of Housing and Urban Development, City of Chicopee Office of Community Development 61-65 Maple Street, Chicopee, Massachusetts, $100,000 35 Mt. Carmel Avenue, Chicopee, Massachusetts, 60,000 226 East Main Street, Chicopee, Massachusetts, 76,325 61-65 Maple Street, Chicopee, Massachusetts, 114,216 912-916 Chicopee Street, Chicopee, Massachusetts, 58,616 226 East Main Street, Chicopee, Massachusetts, 125,500 61-65 Maple Street, Chicopee, Massachusetts, 195,380 Total Federal Loans Outstanding, $730,037
Valley Opportunity Council, Inc. has not elected to use the 10-15 percent deminimus indirect cost rate as allowed under the Uniform Guidance.