Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedules) includes the federal and state award activity of the Village under programs of the federal and state government for the year ended December 31, 2024. The information in these Schedules are presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Wisconsin State Single Audit Guidelines issued by the Wisconsin Department of Administration. Because the Schedules presents only a selected portion of the operations of the Village, they are not intended to and does not present the financial position, changes in net assets, or cash flows of the Village.