Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal awards of Greenville Technical College (the “College”). The reporting entity is defined in Note 1 of the College's financial statements. The information in the 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 (Uniform Guidance) and is prepared on the accrual basis of accounting.
The College has elected not to use the 10 percent de Minimis indirect cost rate as allowed under the Uniform Guidance for the fiscal year ended June 30, 2025.
The College has students who have approved loans which were received by those students during the current year. The total loans for the fiscal year ending June 30, 2025, are: (See Table)