Audit 23505

Title: NOTE 3 RELATIONSHIP TO FEDERAL FINANCIAL REPORTS Accounting Policies: Reporting Entity California Cherry Boards (Board) Schedule of Expenditures of Federal Awards (Schedule) includes the activity of all federal award programs administered for the year ended March 31, 2022. California Cherry Board is organized under Section 58745 of the California Marketing Act, being Chapter 1, Part 2, and Division 21 of the Food and Agricultural Code of the State of California. Basis of Presentation 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 Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Board. The Board did not receive federal non-cash assistance and did not participate in federal insurance or loan programs. Basis of Accounting The expenditures for each of the federal financial assistance programs are presented in the Schedule on the accrual basis. This is the same basis the financial statements are presented. All expenditures represent reimbursement for expenses billed by a vendor. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports do not necessarily agree with the amounts reported in the accompanying Schedule which is prepared on thebasis explained in Note 1.