Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Botetourt, 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 the 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 Botetourt, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Botetourt, 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 $ 1 6,170,642 Less: Revenue from the Commonwealth (13,950,962) Less: Payment in Lieu of Taxes (314,694) Total General Fund $ 1,904,986 Component Unit School Board: School Operating Fund - Intergovernmental $ 6 9,939,550 Less: Revenue from local governments (28,338,542) Less: Revenue from the Commonwealth (38,195,576) Total Component Unit School Board $ 3,405,432 Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 5,310,418