The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of the Village of Scotia, New York (the “Village”), an entity as defined in its financial statements, under programs of the federal government for the year ended May 31, 2024. 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 Village, it is not intended to and does not present the financial position, results of operations, or changes in fund balances of the Village.
Expenditures reported in the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
Pass-through entity identifying numbers are presented where available.
The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs, if any, i.e., the Village’s share of certain program costs, are not included in the reported expenditures.
The Village did not participate in any federal insurance programs as of May 31, 2024.
The Village did not subcontract with the other organizations using federal awards during the year ended May 31, 2024.
The Village did not expend federal awards in the form of noncash assistance during the year ended May 31, 2024.
The Village had no federal loans or federal loan guarantees outstanding as of May 31, 2024.
The Village of Scotia, New York, the primary government, is an independent municipal corporation. All federal award operations of the Village are included in the scope of the single audit.