Notes to SEFA
Certain federal programs require that the Village contribute non-federal funds (matching funds) to support the federally-funded programs. The Village has complied with the matching requirements. The expenditure of non-federal matching funds is not included on the Schedule.
The Village of Carleton was approved by the USDA Rural Utilities Service to receive two loans in the amount of $8,136,000 and $780,000, respectively, to undertake a project of acquisition, construction, furnishment and equipping Sewage Disposal System improvements, including sewer lining and wastewater treatment plant improvements with all related site improvements, appurtenances and attachments. The amount listed for this loan includes the proceeds used during the year. The loans are also reported on the Village’s Statement of Net Position.
The Village of Carleton does not have any subrecipients
The amounts reported for federal grants on the Statement of Revenues, Expenditures, and Changes in Fund Balance reconcile with this schedule.