Audit 9325

Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of St. Louis Area Food Bank, Inc. (the "Organization") 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Pass-through entity identifying numbers are presented where available and applicable. Non-monetary assistance is reported in the Schedule at the fair value of commodities. Of the federal expenditures presented in the Schedule, the Organization provided non-monetary federal awards to subrecipients as follows: Missouri Department of Social Services $ 7,802,557 Missouri Department of Health and Senior Services 2,823,299 Illinois Department of Human Services 4,996,009 TOTAL $ 15,621,865 No monetary federal awards were provided to subrecipients. Government commodities stated at fair value included in inventory at June 30, 2023 are as follows: Missouri Department of Social Services $ 715,420 Missouri Department of Health and Senior Services 360,627 Illinois Department of Human Services 445,780 TOTAL: $ 1,521,827 The Organization had no federal insurance programs in effect and no loan or loan guarantee programs outstanding during the year ended June 30, 2023. Federal awards included in the accompanying Schedule, excluding federal awards of food commodities, are reported as government grants support and revenue in the Organization's basic financial statements. Federal awards of food commodities included in the accompanying Schedule are reported as consumable product donations/receipts support and revenue in the Organization's basis financial statements. Grants awarded in fiscal year 2023 that were received from the Federal Emergency Management Agency ("FEMA") through the Missouri Department of Social Services allowed for organizations to reimburse for costs in previous fiscal years. As such, expenditures, included in the accompanying schedule of expenditures of federal awards, totaling $3,094,279, were incurred in fiscal year 2022 and 2021. De Minimis Rate Used: Y Rate Explanation: The Organization elected to use the 10 percent de minimus indirect cost rate primarily for fiscal year 2023.