Notes to SEFA
Title: Food Commodities
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Salvaging Teens at Risk, Inc. dba North Texas Collegiate Academy (Academy). 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 AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Academy, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Academy.
De Minimis Rate Used: N
Rate Explanation: The Academy has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance and continues to use the allowable indirect costs for each award as determined by theawarding agency.
Food commodities are recognized as federal expenditures when distributed. Distributed food is reported in the Schedule under the National School Lunch Program and is valued based on amounts reported to the Academy by the Texas Department of Agriculture. These amounts are considered to be non-cash assistance to the Academy. The Academy received non-cash assistance in the form of food commodities totaling $30,755 for the year ended August 31, 2022.