Notes to SEFA
Title: Note 1 Basis of Presentation
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance and State of New Jersey Department of Human Services Cost Reimbursement, wherin certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules") include the federal award and state financial assistance activity of Archway under programs of the federal and state government for the year ended June 30, 2023. The information in these schedules 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 State of New Jersey, Circular Letter 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid (the "Circular"). Because the Schedules present only a selected portion of the operations of Archway, they are not intended to and do not present the financial position, change in net assets or cash flows of Archway
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance and State of New Jersey Department of Human Services Cost Reimbursement, wherin certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and State of New Jersey Department of Human Services Cost Reimbursement Manual, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance and State of New Jersey Department of Human Services Cost Reimbursement, wherin certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Archway has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 4 Reconciliation of Government Grants to Schedules
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance and State of New Jersey Department of Human Services Cost Reimbursement, wherin certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal and state awards per audit
Fee-for-service revenue
Adjusted federal and state awards per audit
Expenses per schedules
Department of Agriculture - National School Lunch Program
Department of Agriculture - Child and Adult Care Food Program
Department of Treasury - COVID-19 Community Recovery Grant
Department of Health & Human Services - ARP Stabilization Grant
Department of Homeland Security - Public Assistance Grants
Department of Children & Families - Positive Encounters
Adjusted expenses per schedules
Variance
$
$ 3,634,711
(1,195,472)
2,439,239
185,219
68,174
500,000
1,263,274
373,481
49,091
2,439,239
-