Audit 353397

Title: 1. BASIS OF ACCOUNTING 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. Amounts included in the Schedule are actual expenditures for the year ended June 30, 2023. Differences between amounts included in the Schedule and amounts reported to funding agencies for these programs result from report timing. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. 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. Amounts included in the Schedule are actual expenditures for the year ended June 30, 2023. Differences between amounts included in the Schedule and amounts reported to funding agencies for these programs result from report timing.

Title: 2. FOOD DONATION 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. Amounts included in the Schedule are actual expenditures for the year ended June 30, 2023. Differences between amounts included in the Schedule and amounts reported to funding agencies for these programs result from report timing. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Non-monetary assistance is reported on the Schedule at the fair value of the food commodities received and disbursed under the Emergency Food Assistance Program (Food Commodities), Assistance Listing No. 10.569. The value of the food donated is determined by using a rate of $1.57 per pound, which is the food-items only unit rate provided by Feeding America, which is a valuation methodology approved by the New York State Bureau of Government Donated Food Distribution for the distribution of USDA donated foods.

Title: 3. INDIRECT COST RATE 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. Amounts included in the Schedule are actual expenditures for the year ended June 30, 2023. Differences between amounts included in the Schedule and amounts reported to funding agencies for these programs result from report timing. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.