Audit 12608

Title: Significant Accounting Policies Accounting Policies: Basis of presentation – The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Raisin Administrative Committee under programs of the federal government for the year ended July 31, 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 Committee, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Raisin Administrative Committee. 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 are limited as to reimbursement. Relationship to financial reports – Information included in the accompanying schedule of expenditures of federal awards is in substantial agreement with the information reported in the related financial reports for major programs. Program costs – The Committee accounts for and reports on the costs of program activities covered under the federal grant awards 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 are limited as to reimbursement. There were no indirect costs or salaries charged to the programs. Subrecipients – The Committee does not pass through funds to subrecipients. De Minimis Rate Used: N Rate Explanation: The Committee does not utilize an in-direct cost rate as all federal award expenditures are direct expenses. Basis of presentation – The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Raisin Administrative Committee under programs of the federal government for the year ended July 31, 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 Committee, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Raisin Administrative Committee. 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 are limited as to reimbursement. Relationship to financial reports – Information included in the accompanying schedule of expenditures of federal awards is in substantial agreement with the information reported in the related financial reports for major programs. Program costs – The Committee accounts for and reports on the costs of program activities covered under the federal grant awards 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 are limited as to reimbursement. There were no indirect costs or salaries charged to the programs. Subrecipients – The Committee does not pass through funds to subrecipients.

Title: Indirect Costs Accounting Policies: Basis of presentation – The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Raisin Administrative Committee under programs of the federal government for the year ended July 31, 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 Committee, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Raisin Administrative Committee. 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 are limited as to reimbursement. Relationship to financial reports – Information included in the accompanying schedule of expenditures of federal awards is in substantial agreement with the information reported in the related financial reports for major programs. Program costs – The Committee accounts for and reports on the costs of program activities covered under the federal grant awards 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 are limited as to reimbursement. There were no indirect costs or salaries charged to the programs. Subrecipients – The Committee does not pass through funds to subrecipients. De Minimis Rate Used: N Rate Explanation: The Committee does not utilize an in-direct cost rate as all federal award expenditures are direct expenses. The Committee has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.