Notes to SEFA
Accounting Policies: NOTE 1. BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof Berkeley County, South Carolina (the County) and is presented on the modified accrual basis ofaccounting. The information in the Schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance) and OMB Circular A-133 Audits of States, Local Governments, and Non-Profit Organizations (as amended). Therefore,some amounts presented in this Schedule may differ from amounts presented in, or used in thepreparation of, the financial statements. Expenditures for federal financial assistance awardeddirectly from the federal agencies, as well as those passed through other government agencies, areincluded on the Schedule of Expenditures of Federal Awards. The non-federal share of certainprogram costs and loans are not included in the accompanying Schedule of Expenditures of FederalAwards. The County did not have any subrecipients during the fiscal year ended June 30, 2022.NOTE 2. SIGNIFICANT ACCOUNTING POLICIESThe financial information shown in the Schedule of Expenditures of Federal Awards reflectsamounts recorded by Berkeley County, South Carolina during its fiscal year July 1, 2021 throughJune 30, 2022. Such expenditures are recognized following the cost principles contained in theUniform Guidance and OMB Circular A-133, wherein certain types of expenditures are not allowedor are limited as to reimbursement.The County has elected not to use the 10% de minimus indirect cost rate as allowed under theUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.