Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available and when applicable.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis indirect cost rate as allowed under theUniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Greater Bergen Community Action, Inc. and Subsidiaries (a not-for-profitorganization) (the Agency) under programs of the federal government for the year endedFebruary 28, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of the Agency, it is notintended to, and does not present the consolidated financial position, changes in net assets, or cashflows of the Agency.
Title: LATE FILING FINDING
Accounting Policies: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available and when applicable.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis indirect cost rate as allowed under theUniform Guidance.
THIS REPORT IS FILED LATE DUE TO AUDITOR LACK OF RESOURCES AND STAFF SHORTAGES DUE COVID 19 AND STAFFING SHORTAGES.