Title: Basis of Presentation.
Accounting Policies: Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Organic Crop Improvement Association International, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Indirect Costs. The Organization elected to use the ten percent de minimis cost rate for the period from January 1, 2024, through September 30, 2024, and the fifteen percent de minimis cost rate for the period from October 1, 2024, through December 31, 2024, as allowed in the Uniform Guidance, 2 CFR 200.414.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Organic Crop Improvement Association International, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
Title: Subrecipients.
Accounting Policies: Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Organic Crop Improvement Association International, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Indirect Costs. The Organization elected to use the ten percent de minimis cost rate for the period from January 1, 2024, through September 30, 2024, and the fifteen percent de minimis cost rate for the period from October 1, 2024, through December 31, 2024, as allowed in the Uniform Guidance, 2 CFR 200.414.
The Organization provided no federal awards to subrecipients.
Title: Indirect Costs.
Accounting Policies: Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Organic Crop Improvement Association International, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Indirect Costs. The Organization elected to use the ten percent de minimis cost rate for the period from January 1, 2024, through September 30, 2024, and the fifteen percent de minimis cost rate for the period from October 1, 2024, through December 31, 2024, as allowed in the Uniform Guidance, 2 CFR 200.414.
The Organization elected to use the ten percent de minimis cost rate for the period from January 1, 2024, through September 30, 2024, and the fifteen percent de minimis cost rate for the period from October 1, 2024, through December 31, 2024, as allowed in the Uniform Guidance, 2 CFR 200.414.