Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of the Organization 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 (CFR) 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.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursements.
The Organization has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2025, Chattahooga Area Food Bank passed through $3,261,819 of federal food commodities from the Emergency Food Assistance Program (Assistance Listing Number 10.569) to subrecipients.
The amount of deferred grant revenue for contract GR-20802 and 2700-040-25-117534 at June 30, 2025 and 2024, represents the amount of USDA inventory on hand.