Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NDS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (“SEFA”) presents the activities in all the federal and state financial assistance programs of Nutritional Development Services of the Archdiocese of Philadelphia (“NDS”). All financial awards received directly from federal agencies, as well as federal financial awards passed through other governmental agencies or nonprofit organizations, are included on the SEFA.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NDS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying SEFA has been prepared on an accrual basis of accounting.
Title: NOTE C - DESCRIPTION OF AWARDS
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NDS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
For unit rate contracts included in the SEFA, the amount of expenditures represents the number of meals served under the program multiplied by the reimbursement rate applicable to that program. Included as part of the awards listed on the SEFA, NDS receives funding from the Commonwealth of Pennsylvania (the “Commonwealth”). The amounts noted in the table below for the school lunch and breakfast programs are matches of the federal awards received. The Commonwealth matches the number of claimable breakfast
and lunches at $0.10 on each dollar award by the federal government. An additional reimbursement amount is paid for lunch at $0.04 or $0.02 on the dollar if breakfast participation is greater than or less than 20%, respectively.
Title: NOTE D - INDIRECT COST RATE
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NDS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
NDS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.