Notes to SEFA
Title: NOTE 3 NONCASH AWARDS FOOD COMMODITIES
Accounting Policies: This schedule is prepared on the same basis of accounting as the Tahoma School Districts financial statements. The Tahoma School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amount of food commodities reported on the schedule is the market value of commodities distributed by the Tahoma School District during the current year. The value is determined by the USDA.