Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal
grant activity of the City of Aiken, South Carolina (the “City”), and is presented on the modified
accrual basis of accounting for governmental fund types and the accrual basis of accounting for the
proprietary fund types. The City reporting entity is described in Note 1 to the City’s basic financial
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, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in the
Schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The City chose not to use the ten percent de minimis indirect cost rate for the year ended June 30,
2023.