Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal
grant activity of the City of Orangeburg, South Carolina (the “City”), and is presented on the
modified accrual basis of accounting for governmental fund types and the accrual basis of
accounting for the proprietary fund types. The City reporting entity is described in Note 1 to the
City’s basic financial statements.
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. Therefore, some amounts presented in the
Schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The City chose not to use the ten percent de Minimis indirect cost rate for the year ended
September 30, 2022.