Notes to SEFA
The accompanying schedule of expenditures of total awards includes the federal grant
activity of Feed the Kids Inc. under programs of the federal government for the year ended
December 31, 2024. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule
may differ from amounts presented in, or used in the preparation of, the basic financial
statement.
Expenditures reported on the schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in Title
2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements cost
principles and Audit requirements for Federal Awards (Uniform Guidance.) The organization
has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.