Notes to SEFA
Title: Commodities Distribution
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of the accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The NKADD has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Amounts reported represent the dollar values of commodities distributed during the year. Dollar values were determined using USDA prescribed wholesale values per unit. At June 30, 2024, the NKADD had USDA food commodities totaling $641,982 in inventory.
Title: Revolving Loan Fund Calculations
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of the accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The NKADD has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Revolving loan fund (#04-79-07541) calculation of $305,801
Title: Reconciliation of Federal Revenues - Cash
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of the accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The NKADD has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Of the federal expenditures presented in the schedule, the District provided federal awards to the following subrecipients totaling $7,181,464.