Audit 345038

Title: Note A. Basis Presentation Accounting Policies: Note A. Basis of Presentation The schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Children's Trust of South Carolina, Inc. ("Children's Trust") under programs of the federal government for the year ended September 30, 2024. 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). Because the Schedule presents only a selected portion of the operations of Children's Trust, it is not intended to and does not present the financial position or changes in net position of Children's Trust. Note B. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in Note A to the basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Note C. Indirect Cost Rate Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%. De Minimis Rate Used: N Rate Explanation: Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%. Note A. Basis of Presentation The schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Children's Trust of South Carolina, Inc. ("Children's Trust") under programs of the federal government for the year ended September 30, 2024. 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). Because the Schedule presents only a selected portion of the operations of Children's Trust, it is not intended to and does not present the financial position or changes in net position of Children's Trust.

Title: Note B. Summary of Significant Accounting Policies Accounting Policies: Note A. Basis of Presentation The schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Children's Trust of South Carolina, Inc. ("Children's Trust") under programs of the federal government for the year ended September 30, 2024. 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). Because the Schedule presents only a selected portion of the operations of Children's Trust, it is not intended to and does not present the financial position or changes in net position of Children's Trust. Note B. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in Note A to the basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Note C. Indirect Cost Rate Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%. De Minimis Rate Used: N Rate Explanation: Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%. Note B. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in Note A to the basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: Note C. Indirect Cost Rate Accounting Policies: Note A. Basis of Presentation The schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Children's Trust of South Carolina, Inc. ("Children's Trust") under programs of the federal government for the year ended September 30, 2024. 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). Because the Schedule presents only a selected portion of the operations of Children's Trust, it is not intended to and does not present the financial position or changes in net position of Children's Trust. Note B. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in Note A to the basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Note C. Indirect Cost Rate Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%. De Minimis Rate Used: N Rate Explanation: Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%. Note C. Indirect Cost Rate Children's Trust did not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance but rather uses a negotiated indirect cost rate of 27.3%.