Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: NOTE B - SUMMARY OF SIGNIFICANT 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 Shenandoah, 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 Shenandoah, 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 Shenandoah, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Shenandoah, Virginia.
Title: NOTE C - FOOD DISTRIBUTION
Accounting Policies: NOTE B - SUMMARY OF SIGNIFICANT 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 Shenandoah, 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 $63,586 in inventory.
Title: NOTE D - MATCHING COSTS
Accounting Policies: NOTE B - SUMMARY OF SIGNIFICANT 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 Shenandoah, 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 E - LOANS
Accounting Policies: NOTE B - SUMMARY OF SIGNIFICANT 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 Shenandoah, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
County of Shenandoah, Virginia had no federal loans required to be presented in the Schedule.
Title: NOTE F - SUBRECIPIENTS
Accounting Policies: NOTE B - SUMMARY OF SIGNIFICANT 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 Shenandoah, 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 G - RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: NOTE B - SUMMARY OF SIGNIFICANT 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 Shenandoah, Virginia has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal expenditures, revenues, and capital contributions are reported in the County's basic financial statements as follows: Intergovernmental federal revenues per the basic financial statements:
Primary government: $ 3,928,150
Reconciling items:
Expenditures with forfeited drug asset proceeds less than current year revenues 4 ,452
Payment in lieu of taxes not included above (235,240)
Total primary government $ 3,697,362
Discretely presented component unit - School Board $ 11,888,485
Total discretely presented component unit - School Board $ 11,888,485
Total expenditures of federal awards per basic financial statements $ 15,585,847
Total expenditures of federal awards per the Schedule of Expenditures of Federal Awards $ 15,585,847