FAC Explorer

Audit 299703

FY End
2023-06-30
Total Expended
$15.45M
Findings
0
Programs
6
Organization: Mississippi Food Network, Inc. (MS)
Year: 2023 Accepted: 2024-03-28
Auditor: Matthews Curtrer & Lindsay P A

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.565 Commodity Supplemental Food Program $869,082 Yes 0
10.569 Emergency Food Assistance Program (food Commodities) $210,220 Yes 0
10.568 Emergency Food Assistance Program (administrative Costs) $159,167 Yes 0
10.182 Local Food Purchase Assistance $66,864 - 0
10.558 Child and Adult Care Food Program $38,783 - 0
10.187 The Emergency Food Assistance Program Commodity Credit Corporation Eligible Recipient Funds $34,175 Yes 0

Contacts

Name Title Type
TMX7AA7YJE23 Charles Beady Auditee
6019533210 Charles Lindsay Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 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 and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Mississippi Food Network, Inc. has opted not to use the de minimis indirect cost rate of 10%, as provided for under Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Final Guidance, for one grant and defaulted to the indirect cost rate provided by other departments for other grants. Mississippi Food Network, Inc. has opted not to use the de minimis indirect cost rate of 10%, as provided for under Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Final Guidance, for one grant and defaulted to the indirect cost rate provided by other departments for other grants.
Title: Awards to Subrecipients Accounting Policies: 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 and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Mississippi Food Network, Inc. has opted not to use the de minimis indirect cost rate of 10%, as provided for under Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Final Guidance, for one grant and defaulted to the indirect cost rate provided by other departments for other grants. Of the federal expenditures presented in the Schedule, The Network did not provide any cash federal awards to subrecipients.