Audit 6343

Accounting Policies: Basis of presentation - The accompanying schedule of expenditures of federal awards (the schedule) includesthe federal award activity of the Almond Board of California under programs of the federal government for theyear ended July 31, 2023. 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, andAudit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Almond Board of California. 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 where in certain types of expendituresare not allowable or are limited as to reimbursement. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. Pass-through entity identifying numbers are presented where available.Relationship to federal financial reports Information included in the accompanying schedule of expendituresof federal awards is in substantial agreement with the information reported in the related financial reports for major programs.Program costs The Board accounts for and reports on the costs of program activities covered under the federal grant awards 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 allowable or arelimited as to reimbursement. There were no indirect costs or salaries charged to the programs.Subrecipients The Board does not pass through funds to subrecipients. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.