Notes to SEFA
Accounting Policies: 1. 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 financial statements.2. 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 $12,457,693 and $17,819,614, respectively. At June 30, 2022, the Organization had food commodities in inventory with a value of $1,284,513.3. The Organization provided $10,724,646 of The Emergency Food Assistance Program (Food Commodities CFDA #10.569) and $1,587,172 of Commodity Supplemental Food Program (CFDA #10.565) to subrecipients during the year ended June 30, 2022.4. The Organization has elected to not use the 10 percent de minimus indirect cost rate to charge costs to their federal awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.