Notes to SEFA
Title: Food Donation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity
of the District under programs of the federal government for the year ended June 30, 2023. The information 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).
Because the schedule presents only a selected portion of the operations of the District, it is not intended to and
does not present the financial position or changes in net position or fund balance of the District.
Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis cost rate.
Nonmonetary assistance is reported in this schedule at the fair market value of the commodities received and
disbursed. At June 30, 2023, the District had food commodities totaling $55,157 in inventory.