Title: Note 1 - Basis of Presentation
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards ( the Schedule) includes the federal
award activity of Shared Harvest Foodbank, Inc. (the Organization) under programs of the federal
and state government for the six months ended June 30, 2024. 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 Organization, it is not intended to and does not present the financial position,
changes in net assets or cash flows of the Organization.
Title: Note 2 - Summary of Significant Accounting Policies
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
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 allowable or are limited as to reimbursement.
Title: Note 3 - Indirect Cost Rates
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: Note 4 - Emergency Food Assistance Program
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Food distributed directly to subrecipients from the Ohio Department of Job and Family Services is
not recorded on the Organization's statement of activities. Administrative cost funds distributed to
subrecipients is also not recorded on the Organization's statement of activities, see Note 12 in the
notes to financial statements for additional information.
Title: Note 5 - Food Distribution
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Nonmonetary assistance is reported on the Schedule at $1.53 per pound if it was received between
November 1, 2022 and July 4, 2023, and at $1.57 per pound if it was received between July 5, 2023
and June 30, 2024.
Title: Note 6 - Donated Personal Protective Equipment (PPE)
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The Organization did not receive donated PPE from federal agencies or pass-through entities in
2024 (unaudited).