Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Town of Pulaski, 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Pulaski, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Town of Pulaski, Virginia.
The Town did not receive any donated items during the year.
The Town did not have any subrecipients for the year ended June 30, 2025.
Federal expenditures, revenues and capital contributions are reported in the Town's basic financial statements as follows: Intergovernmental federal revenues per the basic financial statements: Primary Government: General Fund total $ 3,619,387 Less revenue from the Commonwealth (3,593,744) Grants Fund total 1,611,437 Less revenue from the Commonwealth (233,956) Water and Sewer Fund total 262,568 Less revenue from the Commonwealth (22,312) Less revenue from the County (225,000) Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 1,418,380