Notes to SEFA
Title: Food Commodities
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to the reimbursement. Any negative amounts shown on the Schedule represent adjustments or credits made inthe normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. At June 30, 2023, the District had $5,835 of food commodity inventory.
Title: Subrecipient Funding
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to the reimbursement. Any negative amounts shown on the Schedule represent adjustments or credits made inthe normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no funds passed through to subrecipients from any of the federal programs.