Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Wythe, Virginia under programs of the federal government for the year ended June 30, 2025. The information in the 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 County of Wythe, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Wythe, Virginia.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.
The County did not have any subrecipients for the year ended June 30, 2025.
The County has not received any federal funding through loans.
Federal expenditures, revenues and capital contributions are reported in the County's basic financial statements as follows: Primary government: General Fund - Intergovernmental $ 15,894,574 Less: Payments in lieu of taxes (201,389) Less: Payments from the Commonwealth ( 11,697,264) County Loans 1 ,495,000 Component Unit School Board: School Operating Fund - Intergovernmental 63,090,317 Less: Payments from local governments (16,026,946) Less: Payments from the Commonwealth (39,342,449) Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 13,211,843 COUNTY OF WYTHE, VIRGINIA