Notes to SEFA
Title: U.S. DEPARTMENT OF AGRICULTURE PROGRAMS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of the Town of Provincetown, Massachusetts and is presented on the
modified accrual basis of accounting. 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). Expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the
financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The amount reported for the National School Lunch Program – Non-Cash Assistance
(Commodities) represents non-monetary assistance and is reported in the Schedule at the
fair market value of the commodities received. The amounts reported for the School
Breakfast Program – Cash Assistance and the National School Lunch Program – Cash
Assistance represent cash receipts from federal reimbursements.