Title: Note 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD NJ under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD NJ.
De Minimis Rate Used: N
Rate Explanation: NIPD-NJ has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD‑NJ under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD‑NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD‑NJ.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD NJ under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD NJ.
De Minimis Rate Used: N
Rate Explanation: NIPD-NJ has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3. Loan/Loan Guarantee Outstanding Balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD NJ under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD NJ.
De Minimis Rate Used: N
Rate Explanation: NIPD-NJ has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
The balances outstanding as of June 30, 2024, under the Community Development Block Grant were $830,504.
Title: Note 4. Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD NJ under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD NJ.
De Minimis Rate Used: N
Rate Explanation: NIPD-NJ has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
NIPD‑NJ has elected not to use the 10‑percent de minimis cost rate allowed under the Uniform Guidance.
Title: Note 5. Reconciliation of Government Grants to Schedule
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD NJ under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD NJ.
De Minimis Rate Used: N
Rate Explanation: NIPD-NJ has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Government support and Medicaid revenue per financial statements $8,865,260 Less: Medical revenue (8,344,641) , Supportive Housing Connection
revenue (520,619) Add : HUD loan passed through NJHMFA reported as a Federal award 830,504 Variance $0