Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Greater Cleveland Food Bank and Subsidiaries (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title U.S. Code of Federal Regulations (CFR), Uniform Administrative Requirements, Cost Principles, and Audit Requirements of 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.
Non-monetary assistance (food items) is reported in the schedule at the per pound average wholesale value at the time federally contributed food items are disbursed. The annual per pound value used in the accompanying Schedule was determined by an independent agreed-upon procedures engagements performed as of December 31, 2024 by a firm engaged by Feeding America and independent from the Organization (Feeding America Product Valuation Survey). Their report, dated June 13, 2025 outlined the procedures used in determining the per pound values. In accordance with the Feeding America Product Valuation Survey, the average wholesale value of food only was $1.72 per pound as of September 30, 2025.
The expenditures of $9,132,801 noted on the schedule of expenditures of federal awards for grants for Temporary Assistance for Needy Families consist of Federal and State dollars. The Federal allocation was not able to be determined as of September 30, 2025. Accordingly, the entire amount was audited as Federal dollars.