Audit 21655

Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of St. Louis Area Food Bank, Inc. (the "Organization") under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Pass-through entity identifying numbers are presented where available and applicable.3. ASSISTANCE PROVIDED TO SUBRECIPIENTSNon-monetary assistance is reported in the Schedule at the fair value of commodities. Of the federal expenditures presented in the Schedule, the Organization provided non-monetary federal awards to subrecipients as follows:Missouri Department of Social Services $ 12,064,529Missouri Department of Health and Senior Services 3,166,848Illinois Department of Human Services 8,739,712TOTAL $ 23,971,089No monetary federal awards were provided to subrecipients.4. INVENTORYGovernment commodities stated at fair value included in inventory at June 30, 2022 are as follows:Missouri Department of Social Services $ 1,236,225Missouri Department of Health and Senior Services 1,169,447Illinois Department of Human Services 852,047TOTAL $ 3,257,719FEDERAL INSURANCE AND LOAN PROGRAMSThe Organization had no federal insurance programs in effect and no loan or loan guarantee programs outstanding during the year ended June 30, 2022.6. RELATIONSHIP TO BASIC FINANCIAL STATEMENTSFederal awards included in the accompanying Schedule, excluding federal awards of food commodities, are reported as government grants support and revenue in the Organization's basic financial statements. Federal awards of food commodities included in the accompanying Schedule are reported as consumable product donations/receipts support and revenue in the Organization's basis financial statements.7. PRE-AWARD COSTSGrants awarded in fiscal year 2022 that were received from the Federal Emergency Management Agency ("FEMA") through the Missouri Department of Social Services allowed for organizations to reimburse for costs in previous fiscal years. As such, expenditures, included in the accompanying schedule of expenditures of federal awards, totaling $1,274,176, were incurred in fiscal year 2021 and 2020. De Minimis Rate Used: Y Rate Explanation: The Organization elected to use the 10 percent de minimus indirect cost rate primarily for fiscal year 2022.