Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the City of Radford, Virginia under programs of the federal government for the year ended June 30, 2025. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation 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 City of Radford, Virginia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City of Radford, Virginia.
The City did not have any subrecipients for the year ended June 30, 2025.
The City has not received any federal funding through loans.
The City has not received any donated personal protective equipment (from federal assistance).
Federal expenditures, revenues and capital contributions are reported in the City's basic financial statements as follows:Intergovernmental federal revenues per the basic financial statements: Primary government: General Fund-Intergovernmental $ 6,892,651 Less revenue from the Commonwealth (5,552,155) Transit Fund-Intergovernmental 1,917,634 Less revenue from the Commonwealth (607,964) Grants Fund-Intergovernmental 2,083,242 Less revenue from the Commonwealth (1,447,385) Highway Maintenance Fund-Intergovernmental 3,094,292 Less revenue from the Commonwealth (3,042,290) Capital Projects Fund-Intergovernmental 338,464 Total primary government $ 3,676,489