Audit 324791

Title: 1 Accounting Policies: NOTE 1. BASIS OF PRESENTATION 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. NOTE 2. DE MINIMIS INDIRECT COST RATE The City chose not to use the ten percent de Minimis indirect cost rate for the year ended September 30, 2023. NOTE 3. NONCASH AWARDS AND LOANS There were no federal awards expended in the form of noncash assistance during the fiscal year. There were also no loans or loan guarantees outstanding at year end. NOTE 4. FEDERAL EXPENDITURES INCURRED IN PRIOR YEARS On its Schedule of Expenditures of Federal Awards for the year ended September 30, 2023, the City reported federal expenditures relative to the U.S. Department of Agriculture Rural Development program titled Community Facilities Loans and Grants, incurred during the City’s prior year ended September 30, 2022, in the amount of $857,075, associated with pass-through identifying number 46-038-725688326. These expenditures were incurred in 2022 but were not approved by the federal awarding agency for reimbursement until 2023. In accordance with the OMB Compliance Supplement, these expenditures were therefore reported in 2023. 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, 2023. NOTE 1. BASIS OF PRESENTATION 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.

Title: 2 Accounting Policies: NOTE 1. BASIS OF PRESENTATION 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. NOTE 2. DE MINIMIS INDIRECT COST RATE The City chose not to use the ten percent de Minimis indirect cost rate for the year ended September 30, 2023. NOTE 3. NONCASH AWARDS AND LOANS There were no federal awards expended in the form of noncash assistance during the fiscal year. There were also no loans or loan guarantees outstanding at year end. NOTE 4. FEDERAL EXPENDITURES INCURRED IN PRIOR YEARS On its Schedule of Expenditures of Federal Awards for the year ended September 30, 2023, the City reported federal expenditures relative to the U.S. Department of Agriculture Rural Development program titled Community Facilities Loans and Grants, incurred during the City’s prior year ended September 30, 2022, in the amount of $857,075, associated with pass-through identifying number 46-038-725688326. These expenditures were incurred in 2022 but were not approved by the federal awarding agency for reimbursement until 2023. In accordance with the OMB Compliance Supplement, these expenditures were therefore reported in 2023. 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, 2023. NOTE 2. DE MINIMIS INDIRECT COST RATE The City chose not to use the ten percent de Minimis indirect cost rate for the year ended September 30, 2023.

Title: 3 Accounting Policies: NOTE 1. BASIS OF PRESENTATION 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. NOTE 2. DE MINIMIS INDIRECT COST RATE The City chose not to use the ten percent de Minimis indirect cost rate for the year ended September 30, 2023. NOTE 3. NONCASH AWARDS AND LOANS There were no federal awards expended in the form of noncash assistance during the fiscal year. There were also no loans or loan guarantees outstanding at year end. NOTE 4. FEDERAL EXPENDITURES INCURRED IN PRIOR YEARS On its Schedule of Expenditures of Federal Awards for the year ended September 30, 2023, the City reported federal expenditures relative to the U.S. Department of Agriculture Rural Development program titled Community Facilities Loans and Grants, incurred during the City’s prior year ended September 30, 2022, in the amount of $857,075, associated with pass-through identifying number 46-038-725688326. These expenditures were incurred in 2022 but were not approved by the federal awarding agency for reimbursement until 2023. In accordance with the OMB Compliance Supplement, these expenditures were therefore reported in 2023. 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, 2023. NOTE 3. NONCASH AWARDS AND LOANS There were no federal awards expended in the form of noncash assistance during the fiscal year. There were also no loans or loan guarantees outstanding at year end.

Title: 4 Accounting Policies: NOTE 1. BASIS OF PRESENTATION 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. NOTE 2. DE MINIMIS INDIRECT COST RATE The City chose not to use the ten percent de Minimis indirect cost rate for the year ended September 30, 2023. NOTE 3. NONCASH AWARDS AND LOANS There were no federal awards expended in the form of noncash assistance during the fiscal year. There were also no loans or loan guarantees outstanding at year end. NOTE 4. FEDERAL EXPENDITURES INCURRED IN PRIOR YEARS On its Schedule of Expenditures of Federal Awards for the year ended September 30, 2023, the City reported federal expenditures relative to the U.S. Department of Agriculture Rural Development program titled Community Facilities Loans and Grants, incurred during the City’s prior year ended September 30, 2022, in the amount of $857,075, associated with pass-through identifying number 46-038-725688326. These expenditures were incurred in 2022 but were not approved by the federal awarding agency for reimbursement until 2023. In accordance with the OMB Compliance Supplement, these expenditures were therefore reported in 2023. 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, 2023. NOTE 4. FEDERAL EXPENDITURES INCURRED IN PRIOR YEARS On its Schedule of Expenditures of Federal Awards for the year ended September 30, 2023, the City reported federal expenditures relative to the U.S. Department of Agriculture Rural Development program titled Community Facilities Loans and Grants, incurred during the City’s prior year ended September 30, 2022, in the amount of $857,075, associated with pass-through identifying number 46-038-725688326. These expenditures were incurred in 2022 but were not approved by the federal awarding agency for reimbursement until 2023. In accordance with the OMB Compliance Supplement, these expenditures were therefore reported in 2023.