Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards for the year ended June 30, 2022 includes the federal grant activity of City Harvest, Inc. (City Harvest) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, City Harvests basic 2022 financial statements.
De Minimis Rate Used: N
Rate Explanation: City Harvest has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards for the year ended June 30, 2023 includes
the federal grant activity of City Harvest, Inc. (“City Harvest”) and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the requirements of the Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, City Harvest’s basic 2023
financial statements.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards for the year ended June 30, 2022 includes the federal grant activity of City Harvest, Inc. (City Harvest) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, City Harvests basic 2022 financial statements.
De Minimis Rate Used: N
Rate Explanation: City Harvest has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
City Harvest has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.