Title: Note 1 - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of Federal awards and schedule of expenditures of state financial assistance (the "Schedules") include the Federal and state award activity of Care Plus NJ, Inc. and Affiliates under programs of the Federal and state governments for the year ended June 30, 2024. The information in the Schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and with the State of New Jersey OMB Circular Letter 15-08, Single Audit Policy for Receipts of Federal Grants, State Grants and State Aid. Because the Schedule presents only a selected portion of the operations of Care Plus NJ, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Care Plus NJ, Inc. and Affiliates.
De Minimis Rate Used: N
Rate Explanation: Care Plus NJ, Inc. and Affiliates has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of Federal awards and schedule of expenditures of state financial assistance (the "Schedules") include the Federal and state award activity of Care Plus NJ, Inc. and Affiliates under programs of the Federal and state governments for the year ended June 30, 2024. The information in the Schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and with the State of New Jersey OMB Circular Letter 15-08, Single Audit Policy for Receipts of Federal Grants, State Grants and State Aid. Because the Schedule presents only a selected portion of the operations of Care Plus NJ, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Care Plus NJ, Inc. and Affiliates.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of Federal awards and schedule of expenditures of state financial assistance (the "Schedules") include the Federal and state award activity of Care Plus NJ, Inc. and Affiliates under programs of the Federal and state governments for the year ended June 30, 2024. The information in the Schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and with the State of New Jersey OMB Circular Letter 15-08, Single Audit Policy for Receipts of Federal Grants, State Grants and State Aid. Because the Schedule presents only a selected portion of the operations of Care Plus NJ, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Care Plus NJ, Inc. and Affiliates.
De Minimis Rate Used: N
Rate Explanation: Care Plus NJ, Inc. and Affiliates has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and State of New Jersey OMB Circular Letter 15-08 wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 - Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of Federal awards and schedule of expenditures of state financial assistance (the "Schedules") include the Federal and state award activity of Care Plus NJ, Inc. and Affiliates under programs of the Federal and state governments for the year ended June 30, 2024. The information in the Schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and with the State of New Jersey OMB Circular Letter 15-08, Single Audit Policy for Receipts of Federal Grants, State Grants and State Aid. Because the Schedule presents only a selected portion of the operations of Care Plus NJ, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Care Plus NJ, Inc. and Affiliates.
De Minimis Rate Used: N
Rate Explanation: Care Plus NJ, Inc. and Affiliates has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Care Plus NJ, Inc. and Affiliates has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.