Notes to SEFA
Title: NON-CASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards of Placer Food Bank (the Organization) is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The following assistance listing number also pertains to non-cash assistance, which has been included in the schedule of federal expenditures and is presented in the Organization's basic financial statements:
10.569 Emergency Food Assistance Program (Food Commodities) – The value of USDA food distributed totaling $1,188,622 is estimated at the weighted average value for donated food as described in Note 1 to the financial statements.