Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedules of expenditures of federal and state awards are presented usingthe accrual basis of accounting which is described in Note 2 to the financial statements. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidanceand New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are notallowable or are limited as to reimbursement. Pass-through entity identifying numbers arepresented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedules of expenditures of federal and state awards present the activity of all federal and state financial assistance programs of Family Promise of Sussex County, Inc. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the New Jersey State Circular 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of the basic financial statements. All federal and state financial assistance received directly from federal and state agencies is included on the schedules of expenditures of federal and state awards. Because these schedules presentonly a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Sub-recipients
Accounting Policies: The accompanying schedules of expenditures of federal and state awards are presented usingthe accrual basis of accounting which is described in Note 2 to the financial statements. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidanceand New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are notallowable or are limited as to reimbursement. Pass-through entity identifying numbers arepresented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal and state expenditures presented in the schedules of expenditures of federal and state awards, Family Promise of Sussex County, Inc. provided federal awards of $46,378 to sub-recipients.
Title: Relationship to Federal and State Financial Reports
Accounting Policies: The accompanying schedules of expenditures of federal and state awards are presented usingthe accrual basis of accounting which is described in Note 2 to the financial statements. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidanceand New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are notallowable or are limited as to reimbursement. Pass-through entity identifying numbers arepresented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying schedules agree with the amounts reported in therelated federal and state financial reports.