Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, CostPrinciples for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limitedas to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes federal grant activityof the City of Sumter under programs of the federal government for the year ended June 30, 2022. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards. Because the Schedule presents only a selected portion of the operations of the City of Sumter,it is not intended to and does not present the financial position, changes in net position or cash flows of the Cityof Sumter.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, CostPrinciples for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limitedas to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, the City provided federal awards to subrecipients asfollows:Federal AmountCFDA Provided toFederal Grantor/Program Title Number SubrecipientsDepartment of the TreasuryCoronavirus State and Local Fiscal Recovery Funds 21.027 $ 370,000Total provided to subrecipients $ 370,000