Notes to SEFA
Title: Indirect Awards
Accounting Policies: 1.Reporting EntityFood Bank for the Heartland (the Organization) is a not-for-profit organization that collects food and redistributes it to agencies in 77 counties in Nebraska and 16 counties in western Iowa. The Organization is supported primarily by donor contributions of food and money.2.Basis of AccountingThe schedule of expenditures of federal awards is presented on the accrual basis of accounting.3.Basis of PresentationThe accompanying schedule presents expenditures paid for each federal award program in accordance with the Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs are reported as presented in the Catalog of Federal Domestic Assistance (CFDA), whenever possible.4.ContingenciesDuring the normal course of business, the Organization receives funds from the United States Government for program services. Substantially all of these funds are subject to future audit by various federal and state agencies, however, it is managements opinion that resulting adjustments, if any, would not have a material effect upon the accompanying financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year the Organization received Federal awards totaling $7,484,703 from the U.S. Department of Agriculture, and $747,000 from the U.S. Department of Treasury. These grants were received indirectly from passthrough agencies. A total of $5,614,537 was received from the Nebraska Department of Health and Human Services, $2,226,087 was received from the Iowa Department of Human Services, and $391,079 was received from the Nebraska Department of Education.