Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of County of Dickenson, Virginia and its Component Unit-School Board 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 the Office of Management and Budgets Uniform Guidance. Because the schedule presents only a selected portion of the operations of the County of Dickenson, Virginia and its Component Unit-School Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Dickenson, Virginia or its Component Unit-School Board.
Nonmonetary assistance is reported in the schedule at the fair market value of commodities received and disbursed.
The County did not have any loans or loan guarantees which are subject to reporting requirements for the current year.
The County did not receive any donated items during the year.
The County did not have any subrecipients for the year ended June 30, 2025.
Federal expenditures, revenues and capital contributions are reported in the County's basic financial statements as follows: Intergovernmental revenues per the basic financial statements: Primary government: General Fund $ 14,674,871 Less: Revenue from the Commonwealth (10,305,293) Less: Payments in lieu of taxes (59,203) Less: Corps of Engineers Funds Not Subject to Single Audit Requirements (44,847) Total primary government $ 4 ,265,528 Component Unit School Board: School Operating Fund $ 3 ,738,661 School CIP Fund 221,108 Less: Corps of Engineers Funds Not Subject to Single Audit Requirements (221,108) Total Component Unit School Board $ 3 ,738,661 Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 8 ,004,189