Audit 352527

Title: Note 1. Basis of Presentation Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: New Jersey Prevention Network, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Agency uses negotiated indirect cost rates. The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal and state grant activity of New Jersey Prevention Network, Inc. for the year ended June 30, 2023. 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 (Uniform Guidance), and New Jersey Circular 15-08-OMB. Because the Schedule presents only a selected portion of the operations of New Jersey Prevention Network, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of New Jersey Prevention Network, Inc.