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Notes to Schedule of Expenditures of Federal Awards For the Fiscal Year Ended June 30,2004 <br /> Note 1-Basis of Presentation 1 <br /> The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Town of 1 <br /> Mashpee,Massachusetts and is presented on the cash basis of accounting. The information in this schedule is <br /> presented in accordance with the requirements of OMB Circular A-133,Audits of States,Local Governments,and <br /> Non-Profit Organizations. Therefore,some amounts presented in this schedule may differ from amounts 1 <br /> presented in,or used in the preparation of,the financial statements. <br /> Note 2-U.S.Department of Agriculture Programs <br /> The amount reported for the Food Distribution Program represents non-monetary assistance and is reported in <br /> the schedule at the fair market value of the commodities received. The amounts reported for the School Breakfast 1 <br /> Program and National School Lunch Program represent cash receipts from federal reimbursements. <br /> i <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> Town of Mashpee,Massachusetts 7 Reports on Federal Award Programs ' <br />