Audit 36990

Accounting Policies: All Federal grant operations of Organic Trade Association (the Association) are included inthe scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (the SingleAudit or Uniform Guidance). The Single Audit was performed in accordance with theprovisions of the OMB Compliance Supplement (the Compliance Supplement). Compliancetesting of all applicable requirements, as described in the Compliance Supplement, wasperformed for the major grant program noted below. The programs on the Schedule ofExpenditures of Federal Awards (the Schedule) represent all Federal award programs andother grants with 2022 cash or non-cash expenditure activities. For our Single Audit testing,we tested Federal award programs with 2022 cash and non-cash expenditures to ensurecoverage of at least 20% of Federally granted funds. Our actual coverage was 70%.Expenditures reported on the Schedule are recognized following Uniform Guidance, where incertain types of expenditures are not allowable or are limited as to disbursement. TheAssociation has elected not to use the 10-percent de minimis indirect cost rate as allowedunder the Uniform Guidance. The accompanying Schedule includes the Federal award activity of the Association underprograms of the Federal government for the year ended December 31, 2022 and is accountedfor on the accrual basis of accounting. The information in this Schedule is presented inaccordance with Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.