Audit 358339

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 Commissioners of Public Works of the City of Greenwood, South Carolina (the “Commission”) and is presented on the accrual basis of accounting. The Commission reporting entity is described in Note 1 to the Commission’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 Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024. NOTE 3. NON-CASH 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. De Minimis Rate Used: N Rate Explanation: The Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024. NOTE 1. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the Commissioners of Public Works of the City of Greenwood, South Carolina (the “Commission”) and is presented on the accrual basis of accounting. The Commission reporting entity is described in Note 1 to the Commission’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 Commissioners of Public Works of the City of Greenwood, South Carolina (the “Commission”) and is presented on the accrual basis of accounting. The Commission reporting entity is described in Note 1 to the Commission’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 Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024. NOTE 3. NON-CASH 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. De Minimis Rate Used: N Rate Explanation: The Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024. NOTE 2. DE MINIMIS INDIRECT COST RATE The Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024.

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 Commissioners of Public Works of the City of Greenwood, South Carolina (the “Commission”) and is presented on the accrual basis of accounting. The Commission reporting entity is described in Note 1 to the Commission’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 Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024. NOTE 3. NON-CASH 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. De Minimis Rate Used: N Rate Explanation: The Commission chose not to use the ten percent de Minimis indirect cost rate for the year ended December 31, 2024. NOTE 3. NON-CASH 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.