Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") presents the activity of all federal award programs of the City of Camden, South Carolina for the year ended June 30, 2025. All federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies are included on the Schedule.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Matching costs, i.e., the non-federal share of certain program costs, are not inlcuded in the accompanying schedule.
The City of Camden, South Carolina elected not to use the 10% de minimis rate.