Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of Laurens County, South Carolina (the County), and is presented on the modifiedaccrual basis of accounting for governmental fund types and the accrual basis of accounting for theproprietary fund types. The County reporting entity is described in Note 1 to the Countys basicfinancial statements.The information in this Schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in the Schedule may differ from amounts presented in, or used in thepreparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.