Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Feeding South Dakota (the Organization) under programs of the federal government for the year ended June 30, 2025. The information 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 Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
The amount of reimbursement available from the pass through agency for administrative costs is unknown at the time the costs are incurred. As a result, the amount presented as administrative costs at June 30, 2025 for the emergency food assistance program includes $125,472 of reimbursements by the pass through agency for which costs were incurred in the prior years.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. At June 30, 2025, the Organization had food commodities inventory totaling $635,246.