Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Certified Organic Farmers, Inc. and its affiliate CCOF Foundation, and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
Expenditures reported in the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The accompanying Schedule of Expenditures of Federal Awards has been prepared in accordance with the Uniform Guidance. In accordance with 2 CFR 200.510(b)(6), the Organization discloses that it elected to use the de minimis indirect cost rate under 2 CFR 200.414(f) for Assistance Listing 10.188. Indirect costs for all other federal programs are charged using a provisionally negotiated indirect cost rate in accordance with the applicable negotiated indirect cost rate agreements or award provisions.