Notes to SEFA
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.
The Organization provided no federal awards to subrecipients.
The Organization elected to use the fifteen percent de minimis cost rate as allowed in the Uniform Guidance, 2 CFR 200.414.