Audit 342588

Title: Indirect Awards Accounting Policies: 1. Reporting Entity Food Bank for the Heartland (the Organization) is a not-for-profit organization that collects food and redistributes it to agencies in 77 counties in Nebraska and 16 counties in western Iowa. The Organization is supported primarily by donor contributions of food and money. 2. Basis of Accounting The schedule of expenditures of federal awards is presented on the accrual basis of accounting. 3. Basis of Presentation The accompanying schedule presents expenditures paid for each federal award program in accordance with the Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs are reported as presented in the Catalog of Federal Domestic Assistance (CFDA), whenever possible. 4. Contingencies During the normal course of business, the Organization receives funds from the United States Government for program services. Substantially all of these funds are subject to future audit by various federal and state agencies, however, it is management’s opinion that resulting adjustments, De Minimis Rate Used: N Rate Explanation: The Organization has elected not to charge the 10% de minimis indirect cost rate to its federal award programs. During the year the Organization received Federal awards totaling $11,966,800 from the U.S. Department of Agriculture, and $6,508,902 from the U.S. Department of Treasury. These grants were received indirectly from passthrough agencies. A total of $15,088,850 was received from the Nebraska Department of Health and Human Services, $2,341,397 was received from the Iowa Department of Human Services, $451,784 was received from the Nebraska Department of Education, $357,937 was received from the Iowa Food Bank Association, $129,751 was received from the Iowa Department of Agriculture and Land Stewardship, and $135,983 was received from the United Way of the Midlands.