Title: NOTE 1-BASIS OF PRESENTATION
Accounting Policies: NOTE 2-SUMMARY OF SIGFNIFICANT ACCOUNTING POLICIES (1) 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. (3) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: (2) County of Page, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Page, Virginia under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 the County of Page, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Page, Virginia.
Title: NOTE 3-FOOD DISTRIBUTION
Accounting Policies: NOTE 2-SUMMARY OF SIGFNIFICANT ACCOUNTING POLICIES (1) 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. (3) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: (2) County of Page, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. At June 30, 2023, the County had food commodities totaling $99,276 in inventory.
Title: NOTE 4- MATCHING COSTS
Accounting Policies: NOTE 2-SUMMARY OF SIGFNIFICANT ACCOUNTING POLICIES (1) 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. (3) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: (2) County of Page, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs, the nonfederal share of certain program costs are not included in the Schedule.
Title: NOTE 5- LOANS
Accounting Policies: NOTE 2-SUMMARY OF SIGFNIFICANT ACCOUNTING POLICIES (1) 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. (3) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: (2) County of Page, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
County of Page had no federal loans required to be presented in the Schedule.
Title: NOTE 6-SUBRECIPIENTS
Accounting Policies: NOTE 2-SUMMARY OF SIGFNIFICANT ACCOUNTING POLICIES (1) 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. (3) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: (2) County of Page, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No funds were passed through to subrecipients
Title: NOTE 7-RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: NOTE 2-SUMMARY OF SIGFNIFICANT ACCOUNTING POLICIES (1) 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. (3) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: (2) County of Page, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Intergovernmental federal revenues per the basic financial statements:
Primary government:
General Fund $ 4,958,205
Department of the Interior-Payment in Lieu of Taxes (212,816)
Special Revenue Funds:
Workforce Investment Act Fund 1,780,657
Virginia Public Assistance Fund 1,602,263
Capital Projects Fund
County Capital Improvements Fund 2,241,993
Total primary government $ 10,370,302
Discretely presented component unit - School Board:
School operating fund $ 2,853,996
School cafeteria fund 1,774,046
Total discretely presented component unit - School Board $ 4,628,042
Total federal expenditures per the Schedule of Expenditures of
Federal awards $ 14,998,344