Notes to SEFA
Accounting Policies: NOTE A- BASIC OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the federalgrant activity of the Board and is presented on the accrual basis of accounting. Theinformation in this schedule is resented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore,some amounts may differ from amounts presented in or used in the preparation of thefinancial statements.NOTE B- FOOD DISTRIBUTION PROGRAMNon-monetary assistance is reported in the Schedule of Expenditures of FederalAwards at the fair market value of the commodities received. The Commodities areincluded with total food inventory.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.