Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Atlanta Community Food Bank, Inc. (ACFB) under programs of the federal government for the year ended June 30, 2025, 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 (CFR) 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 ACFB, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of ACFB.
The Food Bank has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Nonmonetary assistance is reported in the Schedule at the fair value of the commodities received and distributed. Commodities received and distributed during the year ended June 30, 2025, have been valued at $1.72 per pound, which is an approximation of the average national wholesale value of one pound of donated product as derived from Feeding America. At June 30, 2025, ACFB had food commodities totaling $2,480,746 in inventory.
The following is a reconciliation of the total federal awards in the Schedule to the accompanying consolidated financial statements for the year ended June 30, 2025: