Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the grant activity of Feeding Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal and state awards includes the grant activity of Feeding Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: NOTE 2 - NON-CASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the grant activity of Feeding Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Feeding Texas did not receive non-cash assistance from federal or state awards for the year ended September 30, 2024.
Title: NOTE 3 - LOANS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the grant activity of Feeding Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
As of September 30, 2024, Feeding Texas had no loans or loan guarantees outstanding with federal and state awarding agencies.
Title: NOTE 4 - INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the grant activity of Feeding Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Feeding Texas has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance for the following programs: Supplemental Nutrition Assistance Program Education and Brighter Bites.
Title: NOTE 5 - FEDERAL AND STATE AWARDS PASSED-THROUGH TO SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the grant activity of Feeding Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Feeding Texas passed-through state awards to the following subrecipients: See the notes to the SEFA for chart/table