Audit 336843

Title: Note 1: Basis of Presentation Accounting Policies: Basis of Accounting De Minimis Rate Used: N Rate Explanation: Food On The Move, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal awards activity of Food On The Move, Inc. under programs of the federal government for the year ended December 31, 2023. 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, Costs 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 position, or cash flows of the Organization.

Title: Note 2: Summary of Significant Accounting Policies Accounting Policies: Basis of Accounting De Minimis Rate Used: N Rate Explanation: Food On The Move, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited to reimbursement. Food On The Move, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.