Audit 384003

FY End
2025-06-30
Total Expended
$7.80M
Findings
0
Programs
10
Year: 2025 Accepted: 2026-01-27

Organization Exclusion Status:

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Contacts

Name Title Type
SZ7UZU9YX5K4 Jayne Wright-Velez Auditee
3184452773 Stephanie Lemoine Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Food Bank of Central Louisiana, Inc. (Food Bank) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Non-monetary assistance is reported in the schedule at the estimated cost of the commodities disbursed. At June 30, 2025, the organization has USDA commodities valued at $901,991 in inventory. The organization received $6,504,792 and distributed $6,356,347 of commodities for the year ended June 30, 2025
Most of the commodities distributed are done so to eligible recipient agencies considered to be sub-recipients of the Food Bank.
Program expenses $18,492,338 Non-cash adjustment – donated food (8,886,299) Non-cash adjustment – depreciation (203,955) Non-federal expenditures (1,602,070) Total Federal Expenditures $7,800,014
The Food Bank did not elect to use the 15% de minims indirect cost rate during the year ended June 30, 2025.