Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Village of Montpelier, Williams County, Ohio (the Village) under programs of the federal government for the year ended December 31, 2024. The information on this Schedule is prepared 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 or changes in net position of the Village.
Certain Federal programs require the Village to contribute non-Federal funds (matching funds) to support the Federally-funded programs. The Village has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.
The previously issued audit report required reissuance due to the Village receiving grant funds in 2025 related to the Community Development Block Grants/State’s Program (AL #14.228) and the Highway Planning and Construction grant (AL # 20.205), which were reimbursements for expenditures dated in 2024. These expenditures have been added to the Schedule of Expenditures of Federal Awards for the year ended December 31, 2024. The adjustments do not have any effect on the Village’s basic financial statements for the year ended December 31, 2024.