Notes to SEFA
Title: Additional Information
Accounting Policies: 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. Central Illinois Foodbank, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the 10-percent de minimis indirect cost rate
Central Illinois Foodbank, Inc. expended $ 3,631,948 in food commodities during the year ended May 31, 2023. All food commodities were passed through to subrecipients. Central Illinois Foodbank, Inc. did not receive any federal insurance, federal loans or loan guarantees during the year ended May 31, 2023.