Title: Note A – Basis of Accounting
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 OMB
Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. The Organization has
elected not to use the 10% de minimis indirect cost rates allowed under the Uniform
Guidance. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) includes the
federal award activity of the Organization under programs of the federal government for
the year 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 B – 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 OMB
Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. The Organization has
elected not to use the 10% de minimis indirect cost rates allowed under the Uniform
Guidance. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in OMB
Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. The Organization has
elected not to use the 10% de minimis indirect cost rates allowed under the Uniform
Guidance. Pass-through entity identifying numbers are presented where available.
Title: Note C – Federal Loan Programs
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 OMB
Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. The Organization has
elected not to use the 10% de minimis indirect cost rates allowed under the Uniform
Guidance. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There are no federal loan programs administered directly by the Organization.
Title: Note D – Subrecipients
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 OMB
Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. The Organization has
elected not to use the 10% de minimis indirect cost rates allowed under the Uniform
Guidance. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the Schedule, the Organization provided federal
awards to subrecipients as follows:
Amount
CFDA Provided to
Number Program Name Subrecipients
Indiana
10.569 Emergency Food Assistance Program (Food Commodities) $ 4,392,606
(Noncash Assistance to 6 Soup Kitchens and 22 Food Pantries) 4,392,606
Illinois
10.569 Emergency Food Assistance Program (Food Commodities) 2,859,007
(Noncash Assistance to 3 Soup Kitchens and 23 Food Pantries) 2,859,007
Kentucky
10.569 Emergency Food Assistance Program (Food Commodities) 5,014,485
(Noncash Assistance to 5 Soup Kitchens and 15 Food Pantries) 5,014,485
Total noncash subrecipients’ food assistance $ 12,266,098