Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Jerusalem House, Inc. (Organization) under programs of the federal government for the year ended June 30, 2022 and is presented on the accrual basis of accounting. The information in the Schedule 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. Because the Schedule presents only 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no expenditures to subrecipients during the year ended June 30, 2022.
Title: U.S. SMALL BUSINESS ADMINISTRATION (SBA) ECONOMIC INJURY DISASTER LOAN (EID
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Jerusalem House, Inc. (Organization) under programs of the federal government for the year ended June 30, 2022 and is presented on the accrual basis of accounting. The information in the Schedule 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. Because the Schedule presents only 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization received direct loan financing from the SBAs EIDL loan program in the year ended June 30, 2022. Balances and transactions related to this loan is included in the Organizations financial statements. The Schedule of Expenditures of Federal Awards included $1,000,000 of the loan proceeds during the year ended June 30, 2022.
Title: RECONCILIATION OF SCHEDULE TO FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Jerusalem House, Inc. (Organization) under programs of the federal government for the year ended June 30, 2022 and is presented on the accrual basis of accounting. The information in the Schedule 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. Because the Schedule presents only 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of the total federal awards in the Schedule to the accompanying financial statements for the year ended June 30, 2022. Financial Statement Presentation Statement of Activities Federal financial assistance $6,032,763, Statement of Financial Position Note payable Economic Injury Disaster Loan $1,000,000, Total federal awards per the Schedule $7,032,763