Audit 298759

Title: BASIS OF PRESENTATION Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on this schedule are presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America and may differ from certain financial reports submitted to other federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. De Minimis Rate Used: Both Rate Explanation: The auditee has elected to use the 10% de minimis indirect cost rate starting in March 2023 for certain funding passed through from the New Jersey Department of Children and Families. The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (“schedule”) includes the federal and state grant activity of Partnership for Maternal and Child Health of Northern New Jersey for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and State of New Jersey Department of Treasury, OMB Policy Circular Letter 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Because the schedule presents only a selected portion of the operations of the Partnership, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Partnership for Maternal and Child Health of Northern New Jersey. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.

Title: INDIRECT COSTS Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on this schedule are presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America and may differ from certain financial reports submitted to other federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. De Minimis Rate Used: Both Rate Explanation: The auditee has elected to use the 10% de minimis indirect cost rate starting in March 2023 for certain funding passed through from the New Jersey Department of Children and Families. The Partnership does not have a federally negotiated indirect cost rate and has elected to use the 10% de minimis cost rate as covered in Section 200.414 of the Uniform Guidance.