Notes to SEFA
Title: Description
Accounting Policies: The financial activity shown on the Schedule of Expenditures of Federal Awards reflectsamounts recorded by the Town during its fiscal year January 1, 2022 through December 31,2022 and accordingly, does not include a full years financial activity for grants awarded orterminated on dates not coinciding with the Towns fiscal year. The Town reports these onthe accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Town of Pageland (the Town) has adopted Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Those standards were adopted to fulfill the financialand compliance audit requirements of federal grantor agencies. For purposes ofimplementing Uniform Guidance, federal grant and loan awards were made susceptible toaudit and are included in the Schedule of Expenditures of Federal Awards.
Title: Basis for Determining Federal Awards Expended
Accounting Policies: The financial activity shown on the Schedule of Expenditures of Federal Awards reflectsamounts recorded by the Town during its fiscal year January 1, 2022 through December 31,2022 and accordingly, does not include a full years financial activity for grants awarded orterminated on dates not coinciding with the Towns fiscal year. The Town reports these onthe accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Town expended a total of $2,795,613 in federal awards from January 1, 2022 throughDecember 31, 2022. Of this balance, $2,356,046 was expenditures related to the UnitedStates Department of Agriculture Grant for a new waste-water plant and upgrades to currentsystem. The Town also received $109,000 in community development block grants,$311,231 in airport improvements, and $19,336 in Coronavirus relief.