Notes to SEFA
Title: General Information
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to 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: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
The accompanying schedules of expenditures of Federal awards and state financial assistance present the
activities in all the Federal and state awards programs of Prevent Child Abuse – New Jersey Chapter, Inc.
All financial awards received directly from Federal and state agencies as well as financial awards passed
through other governmental agencies or non-profit organizations are included on the schedules.
Title: Basis of Accounting
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to 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: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
The accompanying schedules of expenditures of Federal awards and state financial assistance are
presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures
may differ from certain financial reports submitted to Federal and state funding agencies due to those
reports being submitted on either a cash or modified accrual basis of accounting.
Title: Relationship to Basic Financial Statements
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to 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: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
Expenditures of Federal awards and state financial assistance are generally reported on the statements of
functional expenses as program services. In certain programs, the expenditures reported in the basic
financial statements may differ from the expenditures reported in the schedules of expenditures of Federal
awards and state financial assistance due to program expenditures exceeding grant or contract budget
limitations, matching or in-kind contributions or capitalization policies required under accounting principles
generally accepted in the United States of America.
Title: Indirect Cost
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to 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: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.