Notes to SEFA
Title: Program Costs/Matching Contributions
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organizations financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The amount expended includes expenses claimed as indirect cost recovery using the approved cost allocation plan. The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the federal, state, and local grant portion of the program costs. Entire program costs, including the Organization's portion, may be more than shown.
Title: Noncash Awards
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organizations financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The amount expended includes expenses claimed as indirect cost recovery using the approved cost allocation plan. The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of commodities reported on the schedule is the value of commodities distributed by the Organization during the current year and priced as prescribed by the Department of Agriculture. At June 30, 2022, the Organization had food commodities totaling $2,501,984 in inventory.