Notes to SEFA
Accounting Policies: Note 1 Basis of PresentationThe accompanying Schedules of Expenditures of Federal Awards (the Schedules") include the federal grant activity of Mamas Kitchen (Mamas) under the programs of the federal government for the years ended June 30, 2022 and 2021. The information in these schedules are 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 Schedules present only a selected portion of the operations of Mamas, they are not intended to and do not present the financial position, changes in net assets, or cash flows of Mamas.Note 2 Summary of Significant Accounting PoliciesExpenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursements. Mamas has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.