FAC Explorer

Audit 343292

FY End
2023-06-30
Total Expended
$831,294
Findings
2
Programs
2
Organization: U.s. Apple Export Council (CA)
Year: 2023 Accepted: 2025-02-20
Auditor: Rood & Dinis LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524099 2023-001 - - P
1100541 2023-001 - - P

Programs

ALN Program Spent Major Findings
10.601 Market Access Program $819,241 Yes 1
10.618 Regional Agricultural Promotion Program $12,053 - 0

Contacts

Name Title Type
F62GRQSFURG2 Shelby Sackett Auditee
9164927062 Brandon Rood Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. This is the same basis the financial statements are presented. 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. De Minimis Rate Used: N Rate Explanation: USAEC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of U.S. Apple Export Council (USAEC) under programs of the federal government for the year ended June 30, 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 USAEC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of USAEC.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. This is the same basis the financial statements are presented. 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. De Minimis Rate Used: N Rate Explanation: USAEC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the Schedule are presented on the accrual basis of accounting. This is the same basis the financial statements are presented. 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.
Title: NOTE 3 – INDIRECT COST RATE Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. This is the same basis the financial statements are presented. 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. De Minimis Rate Used: N Rate Explanation: USAEC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. USAEC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
FEDERAL FINDING NONCOMPLIANCE Late Submission Criteria: According to the Uniform Guidance (2 CFR part 200), specifically section 200.512, audits must be submitted to the FAC within the earlier of 30 calendar days after receipt of the auditors’ report or nine months after the end of the audit period. Condition: USAEC did not meet its submission deadline for the fiscal year ended June 30, 2023, of March 31, 2024. Effect: USAEC was not in compliance with Uniform Guidance and the federal grant agreements. Cause: USAEC did not engage an auditor to conduct a financial statement audit in a timely manner. Recommendation: USAEC adopts a policy to begin their financial statement audit no later than 7 months after their fiscal year end to allow sufficient time to meet the Uniform Guidance compliance requirements. Repeat finding: No.
Finding 2023-001
FEDERAL FINDING NONCOMPLIANCE Late Submission Criteria: According to the Uniform Guidance (2 CFR part 200), specifically section 200.512, audits must be submitted to the FAC within the earlier of 30 calendar days after receipt of the auditors’ report or nine months after the end of the audit period. Condition: USAEC did not meet its submission deadline for the fiscal year ended June 30, 2023, of March 31, 2024. Effect: USAEC was not in compliance with Uniform Guidance and the federal grant agreements. Cause: USAEC did not engage an auditor to conduct a financial statement audit in a timely manner. Recommendation: USAEC adopts a policy to begin their financial statement audit no later than 7 months after their fiscal year end to allow sufficient time to meet the Uniform Guidance compliance requirements. Repeat finding: No.