Notes to SEFA
Title: Note D - FOOD DONATIONS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: SECOND HARVEST FOOD BANK OF EAST CENTRAL INDIANA HAS ELECTED NOT TO USE THE 10% DE MINIMUS INDIRET COST RATE ALLOWED UNDER UNIFORM GUIDANCE.
Food received through the U.S. Department of Agriculture is valued at estimated cost provided by the program. At December 31, 2022, the Organization had food commodities from the program totaling $545,698 in inventory.