Notes to SEFA
Title: NOTE 3 – PROGRAM COSTS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Washington Apple Commission’s financial statements. The Washington Apple Commission uses the
accrual method of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Washington Apple Commission has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the Washington Apple Commission’s portion, are more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.