Notes to SEFA
Title: Food Donation Program
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 and/or OMB Circular A-87,
Cost Principles for State, Local and Indian Tribal Governments, wherein
certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Regional School Unit No. 38 has not elected to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
The Regional School Unit No. 38 reports commodities consumed on the Schedule at the fair value [or entitlement value]. The Government allocated donated food commodities to the respective program(s) that benefitted from the use of those donated food commodities.