Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
The City provided the following amounts to subrecipients during fiscal year 2025: Program Title Assistance Listing Number Amount Department of Housing and Urban Development Community Development Block Grant Program 14.218 $ 134,525 Danville Life Saving Crew COVID-19 – Coronavirus State and Local Fiscal Recovery Funds 21.027 1,600,000 Danville Neighborhood Development Corporation COVID-19 – Coronavirus State and Local Fiscal Recovery Funds 21.027 300,000 Danville Industrial Development Authority COVID-19 – Coronavirus State and Local Fiscal Recovery Funds 21.027 485,256
The City did not elect to utilize the 10 percent de minimis indirect cost rate. The Schools are using an allowed rate by the Virginia Department of Education for approved federal awards.
At June 30, 2025, the City had no outstanding loan balances requiring continuing disclosure.