Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of The Houston Food Bank and Subsidiaries (The Food Bank) 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 The Food Bank, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Food Bank.
Food Commodities are expended when distributed to agencies. Distributed food is reported in the Schedule under the Commodity Credit Corporation Program, Commodity Supplemental Food Program, and Emergency Food Assistance Program and is separately valued by category at the weighted-average wholesale value of one pound of donated product based on the national per pound price as provided by the most recent Feeding America Product Valuation Survey. As of June 30, 2025, $5,047,513, $2,106,193, and $247,495 was included in food inventory for the Emergency Food Assistance Program, Commodity Supplemental Food Program, and Commodity Credit Corporation Program, respectively, and had not been expended.
The Food Bank did not have any federal loan programs during the year ended June 30, 2025.