Notes to SEFA
Title: Non monetary assistance
Accounting Policies: This schedule includes the federal awards activity of the Organization and is presented on the accrual basis of accounting. 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, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee uses direct costs due to straight-forward reporting.
Non‐monetary assistance is reported in the schedule at the assessed value provided by the federal agency. The food commodities received and disbursed were valued at $10,816,165 and $10,915,555, respectively. At June 30, 2023, the Organization had food commodities in inventory with a value of $1,170,024.