Audit 300521

Title: Note 1 – Basis of Presentation Accounting Policies: Note 2 – Summary of Significant 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: FOOD Share, Inc. has elected not to use the 10% de minimis indirect cost rate as covered in 2 CFR 200.414. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of FOOD Share, Inc., 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 (CFR) 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 FOOD Share, Inc., it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of FOOD Share, Inc.

Title: Note 3 – Subrecipients Accounting Policies: Note 2 – Summary of Significant 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: FOOD Share, Inc. has elected not to use the 10% de minimis indirect cost rate as covered in 2 CFR 200.414. FOOD Share, Inc. did not pass through any awards to subrecipients for the year ended June 30, 2023.