Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The expenditures included in the accompanying schedule were reported on a regulatory basis in accordance with
U.S. Department of Health and Human Services and U.S. Department of Agriculture. Expenditures are recognized in
the accounting period in which the related liability is incurred. Expenditures reported included any property or
equipment acquisitions incurred under the federal program.
De Minimis Rate Used: N
Rate Explanation: Oxnard-Pathway to Educated Nutrition, Inc., has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal and
state grant activity of Oxnard-Pathway to Educated Nutrition, Inc., for the year ended September 30, 2024, and is
presented on the accrual basis of accounting. The information in this schedule 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 (Uniform Guidance). Because the Schedule presents only a
selected portion of the operations of Oxnard-Pathway to Educated Nutrition, Inc., it is not intended to and does
not present the financial position, change in net assets, or cash flows of Oxnard-Pathway to Educated Nutrition,
Inc.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The expenditures included in the accompanying schedule were reported on a regulatory basis in accordance with
U.S. Department of Health and Human Services and U.S. Department of Agriculture. Expenditures are recognized in
the accounting period in which the related liability is incurred. Expenditures reported included any property or
equipment acquisitions incurred under the federal program.
De Minimis Rate Used: N
Rate Explanation: Oxnard-Pathway to Educated Nutrition, Inc., has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
The expenditures included in the accompanying schedule were reported on a regulatory basis in accordance with
U.S. Department of Health and Human Services and U.S. Department of Agriculture. Expenditures are recognized in
the accounting period in which the related liability is incurred. Expenditures reported included any property or
equipment acquisitions incurred under the federal program.
Title: INDIRECT COST RATE
Accounting Policies: The expenditures included in the accompanying schedule were reported on a regulatory basis in accordance with
U.S. Department of Health and Human Services and U.S. Department of Agriculture. Expenditures are recognized in
the accounting period in which the related liability is incurred. Expenditures reported included any property or
equipment acquisitions incurred under the federal program.
De Minimis Rate Used: N
Rate Explanation: Oxnard-Pathway to Educated Nutrition, Inc., has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
Oxnard-Pathway to Educated Nutrition, Inc., has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.