Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Organization elected to use the 10 percent de minimis indirect costrate for fiscal year 2022.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the "Schedule")includes the federal grant activity of River Bend Food Reservoir d/b/a River Bend FoodBank (a not-for-profit organization) (the "Organization") under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of the Uniform Guidance. Because theSchedule presents only a selected portion of operations of the Organization, it is notintended to and does not present the financial position, changes in net assets, or cashflows of the Organization.
Title: Assistance Provided to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Organization elected to use the 10 percent de minimis indirect costrate for fiscal year 2022.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Non-monetary assistance is reported in the Schedule at the fair value of commodities.Of the federal expenditures presented in the Schedule, the Organization provided nonmonetaryfederal awards to subrecipients as follows:Illinois Department of Human Services $ 5,952,085Iowa Department of Human Services 3,884,196$ 9,836,281No monetary federal awards were provided to subrecipients.
Title: Inventory
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Organization elected to use the 10 percent de minimis indirect costrate for fiscal year 2022.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Government commodities stated at fair value included in inventory at June 30, 2022 areas follows:Illinois Department of Human Services $ 350,655Iowa Department of Human Services 129,453$ 480,108
Title: Federal Insurance and Loan Program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Organization elected to use the 10 percent de minimis indirect costrate for fiscal year 2022.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization had no federal insurance programs in effect and no loan or loanguarantee programs outstanding during the year ended June 30, 2022.
Title: Relationship to Basic Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Organization elected to use the 10 percent de minimis indirect costrate for fiscal year 2022.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Federal awards included in the accompanying Schedule excluding federal awards offood commodities are reported as government grants support and revenue in theOrganization's basic financial statements. Federal awards of food commodities includedin the accompanying Schedule are reported as consumable product donations/receiptssupport and revenue in the Organization's basic financial statements.