Notes to SEFA
Accounting Policies: Note A - Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Produce PerksMidwest, Inc. under programs of the federal government for the year ended December 31, 2022. The informationin this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used inthe preparation of, the basic financial statements. Because the schedule presents only a selected portion of theoperations of the Organization, it is not intended to and does not present the financial position, changes in netassets, or cash flows of Produce Perks Midwest, Inc.Note B Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers arepresented where available.The Organization has not elected to use the 10% de minimus indirect cost rate as allowed under the UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.