Notes to SEFA
Title: Note A – Basis of Presentation
Accounting Policies: See following
De Minimis Rate Used: N
Rate Explanation: See following
The schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of West Virginia Food and Farm Coalition, Inc. under programs of the federal government for the year ended December 31, 2021. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 West Virginia Food and Farm Coalition, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of West Virginia Food and Farm Coalition, Inc.
Title: Note B - Summary of Significant Accounting Policies
Accounting Policies: See following
De Minimis Rate Used: N
Rate Explanation: See following
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.Additionally, pass-through entities identifying numbers are presented where available. West Virginia Food and Farm Coalition, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.