Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards and expenditures of state financial assistance (the "Schedule") includes the federal and state grant activity of 4Cs of Passaic County, Inc. 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) and NJ OMB 15-08. Because the Schedule presents only a selected portion of the operations of 4Cs of Passaic County, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of 4Cs of Passaic County, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.