Notes to SEFA
Title: NOTE 5
Accounting Policies: The schedule of federal awards is presented using the accrual bsis of accounting. The basis of accounting is described in Note 1 to North Jersey Friendship House, Inc.'s consolidated financial statements. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The North Jersey Friendship House has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.