Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Town of Kilmarnock, Virginia under programs of the federal government for the year ended June 30, 2024. 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 Kilmarnock, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Town of Kilmarnock, Virginia.
Federal expenditures, revenues and capital contributions are reported in the Town's basic financial statements as follows: (See table in the Notes to the SEFA)