Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Better Community Neighborhoods, Inc., BCNI Holding Company I, LLC and BCNI Holding Company II, LLC. The consolidated entity is referred to as the Organization. The Schedule includes expenditures of federal programs received directly from federal agencies, as well as federal assistance passed through other organizations. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, change in net assets, or cash flows of the Organization.
The Organization’s schedule of expenditures of federal awards has been presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the 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). Amounts included in the accompanying schedule of expenditures of federal awards are actual expenditures for the year ended June 30, 2025. Differences between amounts included in the accompanying schedule of expenditures of federal awards and amounts reported to funding agencies for these programs result from report timing.
The Organization did not elect to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
The Organization does not have any subrecipients of federal awards.