Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Collaborative has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Food Distribution
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed by the Collaborative during the fiscal year ended June 30, 2022.
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Collaborative under programs of the federal government for the fiscal year ended June 30, 2022. The information reported in this Schedule 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 Collaborative, it is not intended to and does not present the financial position, changes in net position or cash flows of the Collaborative.
Title: Insurance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Collaborative did not have any federal insurance in effect during the fiscal year ended June 30, 2022.
Title: Loan/Loan Guarantees
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Collaborative did not have any loans or loan guarantees outstanding as of June 30, 2022.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Collaborative did not provide federal awards to any subrecipients during the fiscal year ended June 30, 2022.
Title: Donated Personal Protective Equipment (Unaudited)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Collaborative's federal award programs and does not present transactions that would be included in financial statements of the Collaborative presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Collaborative received approximately $8,640 in donated personal protective equipment during the fiscal year ended June 30, 2022.