Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to NCADD-NJ’s basic financial statements. The information in these schedules are presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey OMB’s Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid.
De Minimis Rate Used: N
Rate Explanation: Of the federal and state expenditures presented in the schedules of expenditures of federal awards and state financial assistance, the Organization did not provide any federal or state awards to sub recipients.
The accompanying schedules of expenditures of federal awards and state financial assistance includes federal and state award activity of National Center for Advocacy and Recovery, Inc. (the Organization), and is presented on the accrual basis of accounting. The Organization is defined in Note 1 of the basic financial statements. All federal and state awards received directly from federal and state agencies, as well as federal awards and state financial assistance passed through other government agencies is included on the schedule of expenditures of federal awards and state financial assistance.
Title: RELATIONSHIP TO THE FEDERAL AND STATE FINANCIAL REPORTS
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to NCADD-NJ’s basic financial statements. The information in these schedules are presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey OMB’s Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid.
De Minimis Rate Used: N
Rate Explanation: Of the federal and state expenditures presented in the schedules of expenditures of federal awards and state financial assistance, the Organization did not provide any federal or state awards to sub recipients.
Amounts reported in the accompanying schedule agree with amounts reported in the related financial reports. Awards and financial assistance revenues are reported in the Organization’s basic financial statements as presented as follows: Federal Awards $ 1,313,740 State Financial Assistance 8,603,368 Total federal and state grants-direct funding $ 9,917,108
Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to NCADD-NJ’s basic financial statements. The information in these schedules are presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey OMB’s Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid.
De Minimis Rate Used: N
Rate Explanation: Of the federal and state expenditures presented in the schedules of expenditures of federal awards and state financial assistance, the Organization did not provide any federal or state awards to sub recipients.
Amounts reported in the accompanying schedules agree with the amounts reported in the Organization’s financial statements.
Title: NON-CASH FEDERAL AND STATE ASSISTANCE
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to NCADD-NJ’s basic financial statements. The information in these schedules are presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey OMB’s Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid.
De Minimis Rate Used: N
Rate Explanation: Of the federal and state expenditures presented in the schedules of expenditures of federal awards and state financial assistance, the Organization did not provide any federal or state awards to sub recipients.
The Organization did not receive any non-cash Federal or State assistance for the year ended June 30, 2023.
Title: LOAN GUARANTEES
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to NCADD-NJ’s basic financial statements. The information in these schedules are presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey OMB’s Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid.
De Minimis Rate Used: N
Rate Explanation: Of the federal and state expenditures presented in the schedules of expenditures of federal awards and state financial assistance, the Organization did not provide any federal or state awards to sub recipients.
At June 30, 2023, the Organization is not the guarantor of any loans outstanding.