Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Bath, 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 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 Bath, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Bath, 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 $16,325 of food commodities in inventory. The value of food commodities expended during the year ended June 30, 2025 amounted to $40,679.
No awards were passed through to subrecipients.
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 $ 2,350,813 Less payments in lieu of tax under CFDA 15.226 not included above (448,841) Total primary government $ 1,901,972 Discretely presented component unit - School Board: School operating fund $ 1,051,504 School cafeteria fund $ 416,543 Less payments in lieu of tax under CFDA 15.226 not included above (134,500) Total discretely presented component unit - School Board $ 1,333,547 Total federal expenditures per basic financial statements $ 3,235,519 Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 3,235,519