Notes to SEFA
Title: NOTE 3 ‐ BASIS OF PRESENTATION
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.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of
the Board under programs of the Federal government for the year ended June 30, 2024. The information in this
Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 the Board, it is not intended
to and does not present the financial position and changes in net position of the Board.
Title: NOTE 4 ‐ DONATED FOOD COMMODITIES VALUE
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.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate allowed under the Uniform Guidance.
Donated food commodities represent surplus agricultural commodities received from the U.S. Department of
Agriculture (CFDA #10.555), passed‐through from the West Virginia Department of Agriculture. Commodities are
valued based on amounts as established by the U.S. Department of Agriculture.
For the year ended June 30, 2024, total expenditures were $43,221.