Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) include the federal award activity of the Village of Belleville, Wisconsin under programs of the federal government for the year ended December 31, 2025. The information in the 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 Village of Belleville, it is not intended to and does not present the financial position, changes in net position or cash flows of the Village of Belleville.
The Community Facilities Loan is administered by the Village of Belleville and outstanding balances owed relating to the program are included in the Village of Belleville's basic financial statements. The balance of the loan outstanding at December 31, 2025 consists of: Assistance Listing Number Program Name Outstanding Balance at December 31, 2025 10.766 Community Facilities Loan and Grants $ 3,453,792
The Village of Belleville received federal awards from the following pass-through agencies: DOT Wisconsin Department of Transportation