Audit 43122

Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Food in Need of Distribution, Inc. (a California nonprofit corporation) dba FIND Food Bank ("FIND") under programs of the federal government for the year ended June 30, 2022. 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 FIND, it is not intended to and does not present the financial position, changes in net assets, or cash flows of FIND. 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 limited as to reimbursement. Pass through entity identifying numbers are presented where available and applicable. The amounts reported for "Food Commodities" programs represent the dollar value of the U.S. Department of Agriculture ("USDA") and the U.S. Department of the Treasury ("USDT") food commodities distributed to FIND during the year. The USDA and other distributors provide the current value of the commodities to compute the amounts reported. At June 30, 2022, FIND had USDA food commodities totaling $429,920 and USDT food commodities totaling $143,962 in inventory. De Minimis Rate Used: N Rate Explanation: FIND has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.