Audit 32650

Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (SEFA) includes the federal awardactivity of the Organization under programs of the federal government for the year endedDecember 31, 2022. The information in the SEFA is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presentsonly a selected portion of the operations of the Organization, it is not intended to and does notpresent the financial position, changes in net assets, or cash flows of the Organization.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of AccountingExpenditures reported on the SEFA are reported on the accrual basis of accounting. Suchexpenditures 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. TheOrganization has elected not to use the 10% de minimis indirect cost rate as allowed under theUniform Guidance.Non-Cash AwardsThe value of United States Department of Agriculture (USDA) commodities received during 2022 andreported in the accompanying statement of activities and changes in net assets was estimated by theUSDA. The value of USDA commodities distributed during 2022, including amounts held in inventoryat the beginning of 2022, and reported in the accompanying 2022 statement of functional expenseswas from the Commodity Supplemental Food Program and the Emergency Food Assistance Program.As of December 31, 2022, the Organization had an inventory of USDA food commodities of $130,394included in the accompanying statement of financial position.NOTE 3 SUBRECIPIENT PASS THROUGHNo entities received pass through federal awards from the Organization during 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.