Notes to SEFA
Title: General
Accounting Policies: The accompanying schedules of expenditures of federal and state awards are presented using
the accrual basis of accounting which is described in Note 2 to the financial statements. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance
and New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are not
allowable or are limited as to reimbursement. Pass-through entity identifying numbers have
been presented where available.
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 and state awards presents the
activity of all federal and state financial assistance programs of Project Self-Sufficiency of
Sussex County, Inc. (the “Organization”). 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 federal and
state awards. Because the schedules present only a selected portion of the operations of the
Organization, it’s 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 using
the accrual basis of accounting which is described in Note 2 to the financial statements. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance
and New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are not
allowable or are limited as to reimbursement. Pass-through entity identifying numbers have
been presented where available.
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.
No federal or state awards were provided 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 using
the accrual basis of accounting which is described in Note 2 to the financial statements. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance
and New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are not
allowable or are limited as to reimbursement. Pass-through entity identifying numbers have
been presented where available.
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.
Amounts reported in the accompanying schedules agree with the amounts reported in the
related federal and state financial reports.
Title: Single Audit - Type A/Type B Program Threshold
Accounting Policies: The accompanying schedules of expenditures of federal and state awards are presented using
the accrual basis of accounting which is described in Note 2 to the financial statements. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance
and New Jersey State Circular 15-08-OMB, wherein certain types of expenditures are not
allowable or are limited as to reimbursement. Pass-through entity identifying numbers have
been presented where available.
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.
Dollar threshold used to distinguish between Type A and Type B programs is $750,000. Single
Audit requirement is $750,000.