Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: NDS has elected to use the 10% de minimis cost rate
The accompanying Schedule of Expenditures of Federal and State Awards (“SEFA”) presents the activities in all the federal and state financial assistance programs of Nutritional Development Services of the Archdiocese of Philadelphia (“NDS”). All financial awards received directly from federal agencies, as well as federal financial awards passed through other governmental agencies or nonprofit organizations, are included on the SEFA.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: NDS has elected to use the 10% de minimis cost rate
The accompanying SEFA has been prepared on an accrual basis of accounting.
Title: NOTE C - DESCRIPTION OF AWARDS
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: NDS has elected to use the 10% de minimis cost rate
The SEFA represents the number of meals served under the program multiplied by the reimbursement rate applicable to that program. Included as part of the awards listed on the SEFA, NDS receives funding from the Commonwealth of Pennsylvania (the “Commonwealth”). The amounts noted in the table below for the school lunch and breakfast programs are matches of the federal awards received. The Commonwealth matches the number of claimable breakfast and lunches at $0.10 on each dollar award by the federal government. An additional reimbursement amount is paid for lunch at $0.04 or $0.02 on the dollar if breakfast participation is greater than or less than 20%, respectively.
Commonwealth Awards
National School Lunch Program $ 333,648
School Breakfast Program 171,360
$ 505,008
Title: NOTE D - INDIRECT COST RATE
Accounting Policies: The accompanying SEFA has been prepared on an accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: NDS has elected to use the 10% de minimis cost rate
NDS has elected to use the 10% de minimis cost rate.