Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Town of Marshfield, Vermont under programs of the federal government for year ended December 31, 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 Marshfield, Vermont, it is not intended to and does not present the financial position, changes in net position or cash flows.
The Town received grant funds under award 02140-84720-088 in the amount of $735,828 in fiscal year 2025. This includes amounts obligated in 2025 of $277,477 and another $209,925 obligated in 2024 but not spent until 2025. The Town also received $248,426 that had been obligated and spent in fiscal year 2024. All of the $487,402 on the SEFA was spent in fiscal year 2025. The Town received grant funds under award 02140-84810-051 in the amount of $581,162 in fiscal year 2025. Obligated amounts in fiscal year 2025 of $672,074 minus of funds not spent of $48,882 agrees to the $623,192 in the SEFA. $147,137 was spent in fiscal year 2025 with the balance of $476,055 in previous years.