Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Greater Baton Rouge Food Bank (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Food Bank did not elect to use the 10% de minimis indirect cost rate for the year ended December 31, 2023.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Greater Baton Rouge Food Bank (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: FOOD DISTRIBUTION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Greater Baton Rouge Food Bank (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Food Bank did not elect to use the 10% de minimis indirect cost rate for the year ended December 31, 2023.
Nonmonetary assistance is reported in the schedule at the estimated cost of the commodities disbursed. At December 31, 2023, the organization had USDA commodities valued at $527,751 in inventory. The Organization received $6,418,618 and distributed $7,233,520 of commodities for the year ended December 31, 2023.
Title: SUB-RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Greater Baton Rouge Food Bank (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Food Bank did not elect to use the 10% de minimis indirect cost rate for the year ended December 31, 2023.
All of the commodities and disaster relief meals distributed were done so to eligible recipient agencies considered to be sub-recipients of the Food Bank.
Title: RECONCILIATION OF EXPENSES TO FEDERAL EXPENDITURES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Greater Baton Rouge Food Bank (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Food Bank did not elect to use the 10% de minimis indirect cost rate for the year ended December 31, 2023.
Program expenses $ 29,263,946
Non-cash adjustments – donated food (17,255,939)
Non-cash adjustments – depreciation (685,580)
Non-federal expenditures (3,948,462)
Total Federal Expenditures $ 7,373,965
Title: DE MINIMIS INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Greater Baton Rouge Food Bank (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Food Bank did not elect to use the 10% de minimis indirect cost rate for the year ended December 31, 2023.
The Food Bank did not elect to use the 10% de minimis indirect cost rate for the year ended December 31, 2023.