The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Rockbridge, 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 County of Rockbridge, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Rockbridge, Virginia.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. At June 30, 2025, the County had food commodities totaling $18,189 in inventory. The value of food commodities expended during the year ended June 30, 2025 amounted to $154,493.
The County did not have any loans or loan guarantees which are subject to reporting requirements in 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: Governmental funds General fund $ 3,437,708 Department of the Interior - Payment in Lieu of Taxes (229,004) Total primary government $ 3,208,704 Discretely presented component unit - School Board: School operating fund $ 2,228,000 School cafeteria fund 1,415,557 Total discretely presented component unit - School Board $ 3,643,557 Total federal expenditures per the Schedule of Expenditures of Federal awards $ 6,852,261
No awards were passed through to subrecipients.