Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal award programs of the Town of Batesburg-Leesville, South Carolina for the year ended June 30, 2024. All federal awards received directly from federal agencies, as well as those passed through other government agencies, are included on the Schedule.
The accompanying Schedule is presented using the accrual basis of accounting.
Federal award expenditures are reported in the Town of Batesburg-Leesville, South Carolina’s financial statements as grant expenditures in the non-operating section of the statement of revenues, expenses, and changes in fund net position for the proprietary fund and as transfers out of the American Rescue Plan fund to the reimburse the general fund and proprietary fund for capital outlays approved to be paid for with American Rescue Plan funds.
Amounts reported in the accompanying Schedule agree with the amounts reported in the related federal financial reports except for timing differences relating to expenditures made subsequent to the filing of the federal financial reports.
The Town of Batesburg-Leesville, South Carolina has not elected to use the 10% de minimis indirect cost rate.