Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Bluum, Inc., under programs of the Federal Government for the year ended December 31, 2025. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Bluum, Inc.it is not intended to and does not present the financial position or change in Net Assets of Bluum, Inc.
Funds shown as federal expenditures under the program are the original federal funds drawn, plus interest and fees earned. Interest and fees earned on the funds through December 31, 2025 totaled $199,489. $3,699,489 of the funds are being held in accounts with financial institutions in accordance with the program requirements. No funds were expended for defaults on obligations secured or collateralized in accordance with the program in the fiscal year ended December 31, 2025.