Notes to SEFA
Title: Description
Accounting Policies: The financial activity shown on the Schedule of Expenditures of Federal Awards reflects amounts recorded by the Town during its fiscal year January 1, 2023 through December 31, 2023 and accordingly, does not include a full year’s financial activity for grants awarded or terminated on dates not coinciding with the Town’s fiscal year. The Town reports these on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Town of Pageland (the “Town”) has adopted Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards were adopted to fulfill the financial and compliance audit requirements of federal grantor agencies. For purposes of implementing Uniform Guidance, federal grant and loan awards were made susceptible to audit 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 reflects amounts recorded by the Town during its fiscal year January 1, 2023 through December 31, 2023 and accordingly, does not include a full year’s financial activity for grants awarded or terminated on dates not coinciding with the Town’s fiscal year. The Town reports these on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town expended a total of $1,261,699 in federal awards from January 1, 2023 through December 31, 2023. Of this balance, $891,201 was expenditures related to the United States Department of Environmental Protection Agency Grant for a new waste-water upgrades to current system. The Town also received $95,858 in hazard mitigation grants, $42,262 in airport improvements, $65,925 in Coronavirus relief, and $166,453 in water and waste disposal systems for rural communities.