Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Scott, Virginia and its discretely presented 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 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 County, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County.
Nonmonetary assistance is reported in the schedule at the fair value of the commodities received and disbursed. At June 30, 2025, the Scott County School Board had food commodities totaling $0 in inventory.
The County did not have any subrecipients during 2025.
Federal expenditures, revenues and capital contributions are reported in the County's basic financial statements as follows: See chart in notes to SEFA