Notes to SEFA
Accounting Policies: NOTE 1 SIGNIFICANT ACCOUNTING POLICIESBasis of presentation The accompanying schedule of expenditures of federal awards (the schedule) includesthe federal grant activity of the Raisin Administrative Committee under programs of the federal government for theyear ended July 31, 2022. The information in this schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion ofthe operations of the Committee, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the Raisin Administrative Committee.Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance wherein certain types of expendituresare not allowable or are limited as to reimbursement.Relationship to financial reports Information included in the accompanying schedule of expenditures of federalawards 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 thefederal grant awards on the accrual basis of accounting. Such expenditures are recognized following the costprinciples contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limitedas 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 auditee did not use the de minimis cost rate.