Notes to SEFA
Accounting Policies: Note 1 - This schedule was prepared on a regulatory basis of accounting consistent with the preparation of the combined financial statements, excepts for the non-cash assistance noted in Note 2.Note 2 - Food Distribution - Non-cash assistance is reported in this schedule at the fair market value of the commodities received and disbursed.Note 3 - None of the federal programs include any loan programs, loan guarantee programs, has no sub-recipients and does not use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.