Audit 4636

Accounting Policies: GENERAL: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal award programs of the City of Greenville, South Carolina (the “City”) for the year ended June 30, 2023. Expenditures for federal financial assistance awarded directly from the federal agencies, as well as those passed through other government agencies, are included on the Schedule. BASIS OF ACCOUNTING: The accompanying Schedule is presented using the modified accrual basis of accounting, which is described in the notes to the City’s financial statements. RELATIONSHIP TO THE FINANCIAL STATEMENTS: Federal award expenditures are reported in the City’s financial statements as expenditures in the special revenue funds for all federal programs except the rental rehabilitation program. Expenditures for the rental rehabilitation program are reported only if the rehabilitation loans are considered uncollectible. The disbursements for this program are reflected as rehabilitation loans receivable in the Statement of Net Position. Rehabilitation loans receivable outstanding at June 30, 2023 for this program totaled $60,649. MATCHING COSTS: Matching costs, i.e., the non-federal share of certain program costs, are not included in the accompanying Schedule. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.