Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Beaufort County, South Carolina (the "County"), 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 County reporting entity is defined in Note 1 to the County'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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). 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: During the year ended June 30, 2024, the County did not use the 10% de-Minimis indirect cost rate.