Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance is in effect for some grants and not for others.
De Minimis Rate Used: Both
Rate Explanation: The 15 percent de minimis indirect cost rate as allowed under Uniform Guidance is in effect for some grants and not for others as authorized by the grantor.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of
Foodlink for Tulare County, Inc. (the Organization), under the programs of the federal government for the year
ended December 31, 2023. The information in the SEFA 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. Because the Schedule presents only a selected portion of the operations of
the Organization, it is not intended to, and does not, present the financial position, changes in net position or cash
flows of the Organization.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance is in effect for some grants and not for others.
De Minimis Rate Used: Both
Rate Explanation: The 15 percent de minimis indirect cost rate as allowed under Uniform Guidance is in effect for some grants and not for others as authorized by the grantor.
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance is in effect for some grants and not for others.
De Minimis Rate Used: Both
Rate Explanation: The 15 percent de minimis indirect cost rate as allowed under Uniform Guidance is in effect for some grants and not for others as authorized by the grantor.
The 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance is in effect for some grants
and not for others.
Title: Non-Monetary Assistance
Accounting Policies: Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance is in effect for some grants and not for others.
De Minimis Rate Used: Both
Rate Explanation: The 15 percent de minimis indirect cost rate as allowed under Uniform Guidance is in effect for some grants and not for others as authorized by the grantor.
Non-monetary assistance is reported in the schedule at the fair market value of the commodities received.