Notes to SEFA
The Schedule has been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The non-cash expenditures of $1,382,380, were reported under Assistance Listing No. 10.555, U.S. Department of Agriculture (USDA) Food Distribution Program. These non-cash expenditures represent the value of food commodities distributed in fiscal year 2025, as calculated using the U.S. Department of Agriculture, Food and Nutrition Commodity Price List in effect as of July 1, 2024.
Total expenditures per the Schedule of Expenditures of Federal Awards reconcile to the Board's basic financial statements as follows: