Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the County of Cumberland, 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 reporting requirements of 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 Cumberland, Virginia, it is not intended to and does not present the financial position, changes in net position or cash flows of the County of Cumberland, Virginia.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.
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.
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 $ 1,064,820 Total primary government $ 1,064,820 Component Unit School Board: School Operating Fund $ 3,770,952 School Cafeteria Fund 103,821 Total Component Unit School Board $ 3,874,773 Total federal expenditures per basic financial statements $ 4,939,593 Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 4,939,593