Notes to SEFA
Title: Food Donation Program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles forState, Local and Indian Tribal Governments, wherein certain types of expendituresare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Regional School Unit No. 72 has not elected to use the 10 percent de minimisindirect cost rate as allowed under the Uniform Guidance.
The Regional School Unit No. 72 reports commodities consumed on the Scheduleat the fair value [or entitlement value]. The Government allocated donated foodcommodities to the respective program(s) that benefitted from the use of those donatedfood commodities.