Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related Fund liability is incurred. In instances where the grant agreement requires the Board to match grant awards with Board funds, such matching funds are excluded in the accompanying Schedule of Expenditures of Federal Awards. The Board has elected not to utilize the 10% de minimus indirect cost rate.
The Board receives certain federal financial assistance from pass-through awards of the State of Georgia. Only the federal portion of such pass-through awards is included in the accompanying Schedule of Expenditures of Federal Awards.
The Board receives a noncash award from a Department of Agriculture federal financial assistance program. The Board uses the value of commodities distributed as a basis for determining amounts to be reported as program expenditures. The program includes donated commodities as follows: Department of Agriculture, Pass-Through the Georgia Department of Agriculture Donated commodities: - Value of commodities distributed: $ 7,271,804 The Board uses the value of commodities distributed as a basis for determining amounts to be reported as program expenditures.