Audit 10422

Title: Notes Accounting Policies: See notes De Minimis Rate Used: N Rate Explanation: See notes A. General The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal award programs of the South Carolina Public Charter School District (the “School District”) for the year ended June 30, 2023. All federal awards received directly from federal agencies, as well as those passed through other government agencies, are included on the Schedule. B. Basis of Accounting The accompanying Schedule includes federal grant activity of the School District under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in conformity with the requirements of Title 2 U.S. Code of Federal Requirements (CFR) 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 School District, it is not intended to and does not present financial position, changes in net position, or cash flows of the School District. C. Relationship to Basic Financial Statements Federal award expenditures are reported in the School District’s basic financial statements as expenditures in the Special Projects Fund. D. Indirect Cost The School District did not use the 10% de Minimis indirect cost rate as allowed under the Uniform Guidance. E. Subrecipients The School District passed through and provided 85.24% of its federal awards to subrecipients for the year ended June 30, 2023.