Notes to SEFA
Accounting Policies: 1. Reporting Entity
Food Bank for the Heartland (the Organization) is a not-for-profit organization that collects
food and redistributes it to agencies in 77 counties in Nebraska and 16 counties in western
Iowa. The Organization is supported primarily by donor contributions of food and money.
2. Basis of Accounting
The schedule of expenditures of federal awards is presented on the accrual basis of
accounting.
3. Basis of Presentation
The accompanying schedule presents expenditures paid for each federal award program in
accordance with the Office of Management and Budget (OMB) Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). Federal programs are
reported as presented in the Catalog of Federal Domestic Assistance (CFDA), whenever
possible.
4. Contingencies
During the normal course of business, the Organization receives funds from the United
States Government for program services. Substantially all of these funds are subject to
future audit by various federal and state agencies, however, it is management’s opinion
that resulting adjustments,
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to charge the 10% de minimis indirect cost rate to its federal award programs.