Notes to SEFA
Title: Local Matching Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of Feeding Wisconsin, Inc. under programs of the federal and state governments for the year ended June 30, 2022. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Wisconsin State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of Feeding Wisconsin, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Feeding Wisconsin, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the administration of the federal program, Feeding Wisconsin, Inc. and its subrecipients incurred costs which are not reimbursed by the granting agency. The local matching expenditures incurred by Feeding Wisconsin, Inc. and its subrecipients during the year ended June 30, 2022, are as follows: Program Title, Supplemental Nutrition Assistance Program; Federal Expenditures, $480,833; Local Matching Expenditures $480,833; Total Expenditures, $961,666.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of Feeding Wisconsin, Inc. under programs of the federal and state governments for the year ended June 30, 2022. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Wisconsin State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of Feeding Wisconsin, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Feeding Wisconsin, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures 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 are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.