The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Gloucester, Virginia under programs of the federal government for the year ended June 30, 2025. The information in this 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 the County of Gloucester, Virginia, it is not intended to be and does not present the financial position, changes in net position, or cash flows of the County of Gloucester, Virginia.
The value of federal awards expended in the form of noncash assistance for food commodities is reported in the schedule.
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: General Fund $ 3 91,260 Debt Service Fund 2 37,295 Special Revenue Funds: Virginia Public Assistance Fund 2,535,948 American Rescue Plan Act 8 39,014 CSA Fund 15,286 Capital Projects Funds: Capital Projects Fund 1,567,949 Total primary government $ 5,586,752 Component Unit School Board: School Operating Fund $ 2,874,591 School Cafeteria Fund 2,875,472 Total component unit School Board $ 5,750,063 Less: BABs federal interest rate subsidy $ (237,295) Less: Head Start (33,921) Less: E-Rate (133,562) Less: Payment in lieu of taxes (916) Total federal expenditures per basic financial statements $ 10,931,121 Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 10,931,121
No awards were passed through to subrecipients.
The County has no loans or loan guarantees which are subject to reporting requirements for the current year.