Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of West Side Catholic Center and Subsidiary under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of West Side Catholic Center and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of West Side Catholic Center and Subsidiary.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited in reimbursement.
West Side Catholic Center and Subsidiary have elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance for its SNAP E&T and Emergency Solutions Grant programs and have elected not to use the rate for the remaining programs.
Program regulations do not require West Side Catholic Center to maintain separate inventory records for food received from the U.S. Department of Agriculture. This non-monetary assistance (expenditures) is reported in the Schedule at the fair value of the commodities received, based on a comparable purchase price, and is allocated to the respective programs that benefitted from their use. The fair value of the commodities received during the year ended December 31, 2025 was $72,052.