Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") presents the activity of all federal award programs of Anderson County, South Carolina (the "County") for the year ended June 30, 2022. Expenditures for federal financial assistance awarded directly from federal agencies, as well as those passed through other government agencies, are included on the Schedule. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). The accompanying Schedule is presented using the modified accrual basis of accounting, which is described in the notes to the County's financial statements. Federal award expenditures are reported in the County's financial statements generally as expenditures or expenses in the County's General Fund, special revenue funds, and enterprise funds. Matching costs (i.e., the non-federal share of certain program costs) are not included in the accompanying Schedule. The County's South Carolina Water Pollution Control Revolving Fund Loans were received in previous fiscal years and have no significant continuing compliance requirements. The County did not make or receive any new loans during the current fiscal year and thus no amounts are shown as federal assistance expended in the accompanying Schedule as required by the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.