The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal award programs of Richland County School District One (the “School District”) for the year ended June 30, 2025. All federal awards received directly from the federal agencies, as well as those passed through other government agencies, are included on the Schedule.
Federal award expenditures are reported in the School District’s basic financial statements as expenditures in the General Fund and Special Revenue Fund and operating expenses in the Enterprise Fund.
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 value reported for Food Distribution Commodities of $1,075,834 equals the value established by the U.S. Department of Agriculture for the noncash commodities distributed to the School District.
Federal loans outstanding at June 30, 2025, consist of the following: Beginning Ending Balance Additions Reductions Balance Loan S-002-16 $ 83,722 $ - $ ( 27,357) $ 56,365
Federal assistnace: Governmental Funds $ 37,665,522 Enterprise Funds 18,558,666 Total Federal assistance per SEFA $ 56,774,398
The accounting system used by the South Carolina LEA’s does not allow for the segregation of expenditures by fund sources in the food service fund. Thus, the subtotal amounts displayed under total expenditures for USDA excludes State and Local Revenues. The detailed schedule of food service may be found in the audit report.
The School District did not provide any awards to subrecipients for the year ended June 30, 2025.