Notes to SEFA
Title: Food Distribution
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The cash basis recognizes revenue when received, and expenditures are recognized when the obligation is paid. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The District has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.There were no federal expenditures during the year ended June 30, 2022 that the District passed-through to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The disbursement of food distribution is calculated based on the inventory of food commodities on hand and food commodities received. The disbursements for the year ended June 30, 2022 is calculated as follows:Beginning of Year Food Commodity Inventory$0.00Receipts of Food Commodities10,536.84End of Year Food Commodity Inventory0.00Commodities Consumed$10,536.84