TECHNICAL ASSISTANCE NOTE No. 2004-02 School Support Services Contact: Kimberly Ferrell Office of Funding and Financial Reporting Department of Education (850) 245-0405 Jim Horne, Commissioner Accounting for Commodities SC 205-0405 DATE: January 26, 2004 TO: District Finance Officers FROM: Linda Champion, Administrator SUBJECT: Accounting for Commodities This memorandum provides guidance regarding the required accounting treatment for United States Department of Agriculture (USDA) donated commodities received by a school district. Since USDA vendors are now allowed to fill commodity orders with products packaged in commercial labels, in many cases recipients are unable to distinguish ...
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