The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Shenandoah, 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 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 Shenandoah, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Shenandoah, 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 food commodities totaling $27,816 in inventory.
Matching costs, the nonfederal share of certain program costs, are not included in the Schedule.
County of Shenandoah, Virginia had no federal loans required to be presented in the Schedule.
No funds 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 $ 7,986,321 Reconciling items: Payment in lieu of taxes not included above (258,408) Total primary government $ 7,727,913 Discretely presented component unit - School Board $ 7,445,994 Total discretely presented component unit - School Board $ 7,445,994 Total expenditures of federal awards per basis financial statements $ 15,173,907 Total expenditures of federal awards per the Schedule of Expenditures of Federal Awards $ 15,173,907