Notes to SEFA
Title: Basis of Presentation
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See notes.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Marlboro County School
District (the "District") under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 District, it is not intended to and does not present the financial position, change in net position, or
cash flows of the District
Title: Summary of Accounting Policies
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See notes.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost
principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available
Title: Recon of Expenditures
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See notes.
See Recon.
Title: Indirect Cost
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See notes.
The District has a restricted indirect cost rate that is used for its federal programs and did not use the 10% de Minimis indirect cost rate allowed under the Uniform Guidance and covered in 2 CFR Part 200.414.