Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Pennsylvania Certified Organic under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 220, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations Pennsylvania Certified Organic, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Pennsylvania Certified Organic.
(1) Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. (2) Pass-through entity identifying numbers are presented where available. (3) Pennsylvania Certified Organic has elected to use the 10% de minimis indirect cost rate. (4) Commodities are reported at estimated fair market values.