Food For Free Committee, Inc.

Management is streamlining the year-end closing procedures to ensure timely filing of the Data Collection Form. This initiative aims to expedite the audit start and completion timelines and hold the finance leader accountable for filing the Form SF-SAC within nine months of the fiscal year end or 30 days from completion and approval of the Single Audit, whichever is earlier.

Food For Free Committee, Inc. is currently in the process of updating their accounting system to account for federal awards by class for clear and precise tracking of all expenditures and payments. Management is also reviewing the current procedures for recording in-kind food donations to ensure accurate tracking. A monthly report of USDA food received will be accessible to accounting team members to assist in valuation amounts. The Senior Vice President of Strategy and Impact will oversee compliance with federal award grant contract terms, and coordinate necessary tracking and documentation across finance and operating functions.