Notes to SEFA
Accounting Policies: 1.GeneralThe accompanying Schedule of Expenditures of Federal and Awards presents the federal and grant activity for the Food Center. The reporting entity is defined in Note 1 to the basic financial statements.2.Basis of PresentationThe information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedules present only a selected portion of the operations of the Food Center, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the general-purpose financial statements.3.Summary of Significant Accounting PoliciesBasis of Accounting Expenditures reported on the schedule are reported at the time USDA food commodities are distributed to qualified recipients. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The Food Center did not elect to use the 10% de minimis indirect cost rate.4.Reconciliation of Federal Awards to the Financial Statements 2022 2021 Total Expenditures of Federal Awards $ 1,953,747$ 2,797,016Non-Federal Expenditures 9,377,280 9,011,173Total Expenditures$ 11,331,027 $ 11,808,189
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.