Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Appomattox, 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the County of Appomattox, Virginia, it is not intended to be and does not present the financial position, changes in net position, or cash flows of the County of Appomattox, Virginia.
Nonmonetary assistance is reported in the schedule at the fair value of the commodities received and disbursed.
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: General Fund $ 3,283,813 Total primary government $ 3,283,813 Component Unit - School Board: School Operating Fund $ 1,747,055 School Cafeteria Fund 1,641,179 Total component unit School Board $ 3,388,234 Total federal expenditures per basic financial statements $ 6,672,047 Less: Federal interest rate subsidy not included in Schedule of Expenditures of Federal Awards (424,350) Less: Payment in Lieu of Taxes (5,850) Total expenditures of federal awards per the Schedule of Expenditures of Federal Awards $ 6,241,847
No awards were passed through to subrecipients.
The County has no loans or loan guarantees which are subject to reporting requirements for the current year.