Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Board and is presented on the accrual basis of accounting. The information in this schedule is resented in accordance with the requirements of Title 2 US Code of Federal REgulations Part 200 Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts may differ from amounts presented in or used in the preparation of the finanical statements.
Non-monetary assistance is reported in the Schedule of Expenditures of Federal Awards at the fair market value of the commodities received. The Commodities are included with total food inventory