Notes to SEFA
Title: Food Donation Program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basisof accounting. Such expenditures are recognized following the costprinciples contained in the Uniform Guidance and/or OMB Circular A-87,Cost Principles for State, Local and Indian Tribal Governments, whereincertain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The Regional School Unit No. 38 has not elected to use the 10 percent deminimis indirect cost rate as allowed under the Uniform Guidance.
The Regional School Unit No. 38 reports commodities consumed on theSchedule at the fair value [or entitlement value]. The Government allocated donatedfood commodities to the respective program(s) that benefitted from the use of thosedonated food commodities.