Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Town of Bethel, Vermont under programs of the federal government for 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 for Federal Awards" (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Bethel, Vermont, it is not intended to and does not present the financial position, changes in net position or cash flows.
The Town received $175,090 of grant funds under award 02140-84762-005 for Fiscal 2025. The Town has a receivable for $28,349 for expenses that were incurred and obligated during 2025. The total of the costs, $203,439, were spent and obligated during Fiscal 2025. The Town received $1,012,913 of grant funds under award 02140-84720-015 for Fiscal 2025. Total Federal expenses for the flood were $1,257,106. All of the funds were spent in Fiscal year 2024, with $673,489 obligated in 2024 and $583,617 obligated in 2025. The Town received $60,496 of grant funds under grant 02140-84445-004 for Fiscal 2025. The Federal portion of dollars spent in 2025 was $79,044 and the project was obligated in previous years. The Town has a receivable of $18,588 for expenses that were incurred and obligated during 2025.