Title: SUBRECIPIENTS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and other governmental awards (the
"Schedule") includes the federal and other governmental award activity of Second Harvest of Silicon Valley ("Second Harvest") under programs of the federal, state and local governments 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 (CFR), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of Second
Harvest, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Second Harvest.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This Schedule is presented 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 not allowable or limited as to reimbursement.
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BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and other governmental awards (the
"Schedule") includes the federal and other governmental award activity of Second Harvest of
Silicon Valley ("Second Harvest") under programs of the federal, state and local governments 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 (CFR), 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 Second
Harvest, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of Second Harvest.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This Schedule is presented 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 not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Second Harvest has not elected to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Of the federal expenditures presented in the Schedule, Second Harvest provided federal awards
to Subrecipients as follows:
Federal Assistance
Listing Number Program Name
Amount Provided to
Subrecipients
10.569 Emergency Food Assistance Program
(Food Commodities)
$18,542,638
Title: FOOD DISTRIBUTION
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and other governmental awards (the
"Schedule") includes the federal and other governmental award activity of Second Harvest of Silicon Valley ("Second Harvest") under programs of the federal, state and local governments 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 (CFR), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of Second
Harvest, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Second Harvest.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This Schedule is presented 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 not allowable or limited as to reimbursement.
%&
# &
BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and other governmental awards (the
"Schedule") includes the federal and other governmental award activity of Second Harvest of
Silicon Valley ("Second Harvest") under programs of the federal, state and local governments 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 (CFR), 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 Second
Harvest, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of Second Harvest.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This Schedule is presented 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 not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Second Harvest has not elected to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Nonmonetary assistance for commodities received are reported in the Schedule based on a cost
study conducted for Feeding America. At June 30, 2024, Second Harvest had food commodities
totaling $889,826 in inventory.