Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of OPEN Food Program, Inc., for the year ended September 30, 2025, and is presented on the accrual basis of accounting. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of OPEN Food Program, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of OPEN Food Program, Inc.
The expenditures included in the accompanying schedule were reported on a regulatory basis in accordance with U.S. Department of Health and Human Services and U.S. Department of Agriculture. Expenditures are recognized in the accounting period in which the related liability is incurred. Expenditures reported included any property or equipment acquisitions incurred under the federal program.
OPEN Food Program, Inc., has elected not to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance.