Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the Hunger Network of Greater Cleveland 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 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 the Hunger Network of Greater Cleveland, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hunger Network of Greater Cleveland.
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 as to reimbursement. (2)Pass-through entity identifying numbers are presented where applicable.
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. For the year ended December 31, 2024, this amounted to $1,365,525 of food provided by the U.S. Department of Agriculture.
Hunger Network of Greater Cleveland has elected to use the ten percent de minimis indirect cost rate as allowed under Uniform Guidance.