Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual
De Minimis Rate Used: N
Rate Explanation: The reimbursement rates are set by the CACFP program administrators. The amount received by the organization and distributed to the providers is based upon that rate.
The Schedule of Expenditures of Federal Asards includes the federal award activity for the year ended September 30, 2024 and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the reuirements of Title 2 U.S. Code of Federal Regualtions (CFR) Part 200, Iniform Administrative Reuirements, Cost Principles, and Audit Reuirements for Federal Awards.