Notes to SEFA
Title: FOOD DONATION PROGRAM
Accounting Policies: Expenditures reported on the Schedule are reported on theaccrual basis of accounting. Such expenditures are recognized following the costprinciples contained in the Uniform Guidance and/or OMB Circular A-87, CostPrinciples for State, Local and Indian Tribal Governments, wherein certain typesof expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: White River Valley Supervisory Union has not elected to use the 10% de minimisindirect cost rate as allowed under the Uniform Guidance.
White River Valley Supervisory Union reports commodities consumed on theSchedule at the fair value (or entitlement value). The Government allocated donated foodcommodities to the respective programs that benefited from the use of those donatedcommodities.