Audit 33956

Title: FAIR MARKET VALUE OF PERSONAL PROTECTIVE EQUIPMENT (UNAUDITED) Accounting Policies: The accompanying schedule of expenditures of federal and nonfederal awards (the Schedule) includes the federal and nonfederal award activity of Food Bank of Northern Indiana, Inc. The information in the 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 Food Bank of Northern Indiana, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Food Bank of Northern Indiana, Inc. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.USDA food commodities are valued based on the average national wholesale value of food products determined by Feeding America, the Organizations national affiliate. Because the determination of such values is generally not completed until several months after year-end, the Organization uses the most recent available values, which are generally from the prior year determination. Information on USDA food commodities distributed under Emergency Food Assistance Program, Assistance Listings number 10.568, is as follows: PoundsEndingAssistance Listings #DistributionsDistributedInventory10.568 Regular funding$5,389,440 3,190,833 $602,346COVID-19 funding:10.568 CRRSAA335,930148,451-Total for 10.568$5,725,370 3,339,284$602,346 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. During 2022, Food Bank of Northern Indiana, Inc. did not receive donated personal protective equipment from federal sources.