Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards include all federal grant activity of Food Bank of Siouxland, Inc. under programs of federal government for the year ended September 30, 2021. 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, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected protion of the operations of Food Bank of Siouxland, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Food Bank of Siouxland, Inc. Program expenditures included in the accompanying schedule are presented on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate