Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Southwest Virginia Workforce Development Board 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Southwest Virginia Workforce Development Board it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Southwest Virginia Workforce Development Board.
The Southwest Virginia Workforce Development Board did not have any subrecipients during the fiscal year.
Federal expenditures, revenues, and contributions are reported in the Organization's financial statements as follows: