Title: Basis of Presentation
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Regional Food Bank of Northeastern New York, Inc. (Food Bank) under programs of the federal government for the year ended December 31, 2024. 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 the Food Bank, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Food Bank.
Title: Noncash Assistance/Emergency Food Assistance Program (Commodities)
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Federal awards expended in the form of noncash assistance during the year ended December 31, 2024 have been reported at the fair market value of the commodities received and distributed. At December 31, 2024, the Food Bank had food commodities inventory totaling $1,792,300.
Title: Subreceipts
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The Emergency Food Assistance Program (Commodities) (TEFAP) The Food Bank provided federal awards to eligible programs. The value of the commodities distributed totaled $19,868,116 during 2024. State Administrative Matching Grants for the Hunger Prevention Nutrition Assistance Program The Food Bank provided operation support grants to eligible programs during 2024. None of this amount was expended from federal awards.
Title: Insurance
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The Food Bank did not participate in any federal insurance programs as of December 31, 2024.
Title: Loans and Loan Guarantees
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The Food Bank had no federal loans or federal loan guarantees outstanding as of December 31, 2024.
Title: Matching Costs
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards does not include matching costs.
Title: Audits by Other Auditors
Accounting Policies: 1.Expenditures reported in the Schedule are presented on the accrual basis of accounting. The amounts reported as expenditures were obtained from the general ledger and other supporting documentation, which is the source of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Food Bank has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
There were no audits of the Food Bank’s federal award programs by other auditors during or covering the year ended December 31, 2024.