The accompanying of expenditures of federal awards (Schedule) includes the federal grant activity of Food Bank of Alaska, Inc. under programs of the federal government for the year ended June 30, 2025. 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 Food Bank of Alaska, Inc., it is not intended to and does not present financial position, changes in net position, functional expenses, or cash flows of Food Bank of Alaska, Inc.
Expenditures reported on the Schedule reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Food Bank of Alaska, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Multi-agency grant clusters include: Food Distribution Cluster: Department of Health and Social Services: Commodity Supplemental Food Program 10.565 $ 2,293,549 Department of Education and Early Development: The Emergency Food Assistance Program 10.568 294,755 The Emergency Food Assistance Program 10.569 2,496,992 Total food distribution cluster $ 5,085,296
Total federal expenditures per schedule $ 11,722,092 Less non-cash assistance (4,984,581) Total non-commodities federal revenue $ 6,737,511 Total government grants and contracts per Statement of Activities $ 10,819,353 Less State awards (4,081,842) Total federal grants per Statement of Activities $ 6,737,511
No federal funds were passed through to subrecipients.
Non-monetary assistance is reported in the schedule at fair market value of commodities received.