Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Food Bank of Contra Costa and Solano (the "Food Bank") 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 the Food Bank, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Food Bank.
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 limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable.
Donated Commodities - The Food Bank receives donated commodities such as food for use in one of its programs. The Food Bank included the fair market value of such commodities on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.