Commonwealth of Virginia Single Audit Report for the Year Ended ...

B. Basis of Accounting
Supplemental Nutrition Assistance Program – The reported expenditures for
benefits under the Supplemental Nutrition Assistance Program (SNAP)
(CFDA No. 10.551) are supported by both regularly appropriated funds and
incremental funding made available under section 101 of the American
Recovery and Reinvestment Act of 2009. The mechanism used by USDA to
make these funds available to States does not enable a State to validly
disaggregate the regular and Recovery Act components of this figure. At the
national aggregate level, however, Recovery Act funds account for
approximately 16.55 percent of USDA’s total expenditures for SNAP benefits
in the Federal fiscal year ended September 30, 2011.
Federal program expenditures included in the accompanying schedule are
presented using the cash basis of accounting. Under the cash basis of accounting,
expenditures are recognized when paid rather than when the obligation is incurred.
Federal non-cash assistance and loan/loan guarantee program activities are presented
as described in Notes 2-C and 2-D below.
C. Non-Cash Assistance
The Commonwealth of Virginia participated in several federal programs in
which non-cash benefits are provided through the state to eligible program
participants. These include:
Food Distribution Programs (CFDA Numbers 10.555, 10.559, 10.569) – The
value of food commodities was calculated using the U.S. Department of
Agriculture’s Food and Nutrition Service commodity price lists. The
accompanying schedule includes commodity distributions of:
CFDA # Non-Stimulus Stimulus
10.555 $27,566,490 $ -
10.559 $ 197,322 $ -
10.569 $10,901,820 $59,362
The accompanying schedule does not include Commonwealth-stored
undistributed food commodities of:
CFDA # Non-Stimulus
10.555 $45,116
10.569 $27,810
Donation of Federal Surplus Personal Property (CFDA Number 39.003) –
Donated federal surplus property is valued at 23.3 percent of the original
acquisition cost as assigned by the federal government. The amount included
in the accompanying schedule reflects distribution to other governmental
entities during the year ended June 30, 2011. Administrative expenditures of
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