Finding Text
2 CFR Subpart F § 200.510(b) requires the auditee prepare a Schedule of Expenditures of Federal Awards (the Schedule) for the period covered by the Village’s financial statements which must include the total federal awards expended as determined in accordance with § 200.502. The Village was not aware federal monies were expended and therefore did not complete a Schedule of Expenditures of Federal Awards or Notes to the Schedule of Expenditures of Federal Awards. As a result, the Village did not properly notify the Auditor of State's office of the Village's Single Audit status for 2023. After several discussions with Village personnel, the Schedule of Expenditures of Federal Awards and Notes to the Schedule of Expenditures of Federal awards were completed.