Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: SEE ATTACHED NOTES
De Minimis Rate Used: N
Rate Explanation: The costs of providing the various programs and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among programs and supporting services benefited. Indirect costs are charged based on payroll allocations or occupancy percentage, as applicable.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Feeding America Riverside/ San Bernardino Counties under programs of the federal government for the year ended June 30, 2023. 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 Feeding America Riverside/ San Bernardino Counties, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Feeding America Riverside/ San Bernardino Counties.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SEE ATTACHED NOTES
De Minimis Rate Used: N
Rate Explanation: The costs of providing the various programs and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among programs and supporting services benefited. Indirect costs are charged based on payroll allocations or occupancy percentage, as applicable.
(1) 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, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SEE ATTACHED NOTES
De Minimis Rate Used: N
Rate Explanation: The costs of providing the various programs and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among programs and supporting services benefited. Indirect costs are charged based on payroll allocations or occupancy percentage, as applicable.
(2) Feeding America Riverside/ San Bernardino Counties has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE C - FOOD DISTRIBUTION
Accounting Policies: SEE ATTACHED NOTES
De Minimis Rate Used: N
Rate Explanation: The costs of providing the various programs and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among programs and supporting services benefited. Indirect costs are charged based on payroll allocations or occupancy percentage, as applicable.
Non-monetary assistance is reported at the fair value of the commodities received and distributed. At June 30, 2023, Feeding America Riverside/ San Bernardino Counties had USDA food commodities totaling $439,298 in inventory.