Audit 27398

Title: Basis of presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following either the cost principles contained in the OMB Circular A-122, Cost Principles for Non-profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. As of the year ended June 30, 2022 the Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Donated food was valued above utilizing rates specifically provided by Feeding America. For the year ended June 30, 2022, contributed food was valued at $1.53 per pound on the schedule of expenditures of federal awards. See Note 1 of the accompanying consolidated financial statements for the determined value of contributed food per pound for reporting within those statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Harvesters - The Community Food Network & Subsidiary (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 Part 200, 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 consolidated financial position, changes in net assets or cash flows of the Organization.