Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule 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, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal
award activity of the Ohio Association of Foodbanks, non-profit under programs of the federal
government for the year ended June 30, 2023. The information in this Schedule is 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 Schedule presents only a selected portion of the operations of the Association,
it is not intended to and does not present the financial position, changes in net assets, or cash flows of
the Association.
Title: Indirect Cost Rate Election
Accounting Policies: Expenditures reported on the Schedule 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, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The Association does not take an indirect rate and receives a straight administrative fee to cover both
direct and indirect expenses.
Title: Payments to Subrecipients
Accounting Policies: Expenditures reported on the Schedule 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, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The Association passes certain federal awards received from the Federal Government to other
nonprofits. The Association reports expenditures of Federal awards to subrecipients when paid in cash.
The subrecipients are listed in the following table, to which the Association paid $48,625,398 during fiscal
year 2023. These payments were included in the Schedule of Federal Expenditures of Federal Awards
under Assistance Listings 93.6667, 93.558, 10.182, 21.027, 93.332, 93.767, and 10.561.
Title: Matching Requirements
Accounting Policies: Expenditures reported on the Schedule 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, wherein certain types of expenditures may or may not be allowable or may be limited as
to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
Certain Federal programs require the Association to contribute non-Federal funds (matching funds) to
support the Federally-funded programs. The Association has met its matching requirements. The
Schedule does not include the expenditure of non-Federal matching funds.