Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The accompanying schedules of expenditures of federal awards and state financial assistance (the “Schedules”) present the activities of all federal awards and state financial assistance of Visiting Nurse Association of Central Jersey Community Health Center, Inc. (the “Center”). All financial assistance received directly from federal and state agencies, as well as financial assistance passed through other governmental agencies, is included on the Schedules.
BASIS OF ACCOUNTING: The accompanying Schedules are presented using the accrual basis of accounting. The amounts reported in the Schedules as expenditures may differ from certain financial reports submitted to funding agencies due to those reports being submitted on either cash or a modified cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Center does not have a federally negotiated indirect cost rate nor has it elected to use the 10% de minimis cost rate as covered in Section 200.414 in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).
Expenditures related to federal awards and state financial assistance are reported in the statements of activities and changes in net assets. With respect to certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the accompanying Schedules due to program expenditures in excess of grant or contract budgets, matching or in-kind contributions, or capitalization policies required under accounting principles generally accepted in the United States of America.
Title: INDIRECT COSTS
Accounting Policies: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The accompanying schedules of expenditures of federal awards and state financial assistance (the “Schedules”) present the activities of all federal awards and state financial assistance of Visiting Nurse Association of Central Jersey Community Health Center, Inc. (the “Center”). All financial assistance received directly from federal and state agencies, as well as financial assistance passed through other governmental agencies, is included on the Schedules.
BASIS OF ACCOUNTING: The accompanying Schedules are presented using the accrual basis of accounting. The amounts reported in the Schedules as expenditures may differ from certain financial reports submitted to funding agencies due to those reports being submitted on either cash or a modified cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Center does not have a federally negotiated indirect cost rate nor has it elected to use the 10% de minimis cost rate as covered in Section 200.414 in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).
The Center does not have a federally negotiated indirect cost rate nor has it elected to use the 10% de minimis cost rate as covered in Section 200.414 in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).
Title: BASIS OF PRESENTATION
Accounting Policies: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The accompanying schedules of expenditures of federal awards and state financial assistance (the “Schedules”) present the activities of all federal awards and state financial assistance of Visiting Nurse Association of Central Jersey Community Health Center, Inc. (the “Center”). All financial assistance received directly from federal and state agencies, as well as financial assistance passed through other governmental agencies, is included on the Schedules.
BASIS OF ACCOUNTING: The accompanying Schedules are presented using the accrual basis of accounting. The amounts reported in the Schedules as expenditures may differ from certain financial reports submitted to funding agencies due to those reports being submitted on either cash or a modified cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Center does not have a federally negotiated indirect cost rate nor has it elected to use the 10% de minimis cost rate as covered in Section 200.414 in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).
The accompanying Schedules include the award activity of the Center under programs of the federal government or other governmental agencies for the year ended December 31, 2023. The information in the Schedules is presented in accordance with the requirements of the Uniform Guidance and the New Jersey Department of Treasury Circular Letter 15-08 OMB. Because the Schedules present only a selected portion of the operations of the Center, they are not intended and do not present the statement of financial position, statement of activities and changes in net assets, or statement of cash flows of the Center.
Title: SUBRECIPIENTS
Accounting Policies: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The accompanying schedules of expenditures of federal awards and state financial assistance (the “Schedules”) present the activities of all federal awards and state financial assistance of Visiting Nurse Association of Central Jersey Community Health Center, Inc. (the “Center”). All financial assistance received directly from federal and state agencies, as well as financial assistance passed through other governmental agencies, is included on the Schedules.
BASIS OF ACCOUNTING: The accompanying Schedules are presented using the accrual basis of accounting. The amounts reported in the Schedules as expenditures may differ from certain financial reports submitted to funding agencies due to those reports being submitted on either cash or a modified cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Center does not have a federally negotiated indirect cost rate nor has it elected to use the 10% de minimis cost rate as covered in Section 200.414 in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).
The Center provided no federal or state awards to subrecipients for the year ended December 31, 2023.
Title: STATE FINANCIAL ASSISTANCE
Accounting Policies: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The accompanying schedules of expenditures of federal awards and state financial assistance (the “Schedules”) present the activities of all federal awards and state financial assistance of Visiting Nurse Association of Central Jersey Community Health Center, Inc. (the “Center”). All financial assistance received directly from federal and state agencies, as well as financial assistance passed through other governmental agencies, is included on the Schedules.
BASIS OF ACCOUNTING: The accompanying Schedules are presented using the accrual basis of accounting. The amounts reported in the Schedules as expenditures may differ from certain financial reports submitted to funding agencies due to those reports being submitted on either cash or a modified cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Center does not have a federally negotiated indirect cost rate nor has it elected to use the 10% de minimis cost rate as covered in Section 200.414 in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).
The Center contracted with the State of New Jersey Department of Health (the “Department”) to provide health and medical services to the uninsured population under the Preventative and Primary Care Program. The Department reimburses the Center for uninsured visits at a fixed amount per visit regardless of the actual costs incurred. During the year ended December 31, 2023, funding obligated to the Center by the Department under Letters of Agreement DCHS23FQH07L and DCHS24FQH23L amounted to $1,055,000 and $780,000, respectively. At December 31, 2023, total amount earned and recognized as revenue under the Letters of Agreement was $826,450.