Audit 19269

Accounting Policies: A. GeneralThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of allfederal award programs of Sumter School District, South Carolina (the School District) for the year endedJune 30, 2022. All federal awards received directly from federal agencies, as well as those passed throughother government agencies, are included on the Schedule.B. Basis of AccountingThe accompanying Schedule includes federal grant activity of the School District under programs of thefederal government for the year ended June 30, 2022. The information in this schedule is presented inconformity with the requirements of Title 2 U.S. Code of Federal Requirements (CFR) Part 200, UniformAdministrative Requirements, Cost Principles and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the School District, itis not intended to and does not present financial position, changes in net position, or cash flows of the SchoolDistrict.Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.C. USDA CommoditiesThe value reported for Food Distribution Commodities of $483,498 equals the value established by the U.S.Department of Agriculture (USDA) for the noncash commodities distributed to the School District.D. Indirect CostThe School District has a restricted indirect cost rate that is used for its federal programs and did not use the10% de Minimis indirect cost rate as allowed under the Uniform Guidance and covered in 2 CFR Part 200.414.E. SubrecipientsThe School District did not provide any awards to subrecipients for the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.