Notes to SEFA
Basis of Presentation The accompanying schedule of expenditures of federal awards (SEFA) presents the activity of all federal award programs administered by Field & Fork Network, Inc. (the Organization), an entity as defined in Note 1 to the Organization’s basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other entities, are included on the SEFA. Basis of Accounting The Organization uses the accrual basis of accounting for federal programs, consistent with the financial statements. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable programs and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program, which are periodically reconciled to the Organization’s financial reporting system. Indirect Costs The Organization has elected to use the de minimis indirect cost rate as allowed under the Uniform Guidance.