Notes to SEFA
Accounting Policies: A GeneralThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of Hampton County School District, Hampton County, South Carolina (the School District) for the year ended June 30, 2022. All federal awards received directly from the federal agencies, as well as those passed through other government agencies, are included on the Schedule.B Basis of AccountingThe accompanying Schedule is presented using the modified accrual basis of accounting.C Relationship to Financial StatementsFederal award expenditures are reported in the School Districts financial statements primarily as expenditures in the Special Revenue Funds.D Relationship to Federal Financial ReportsAmounts reported in the accompanying Schedule agree with the amounts reported in the related federal financial reports except for timing differences relating to expenditures made subsequent to the filing of the federal financial reports.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.