Notes to SEFA
Title: Note 4. Subrecipients
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial
assistance (the "Schedules") include the federal award and state financial activity of the
Organization under programs of the federal and state government for the year ended
September 30, 2024. The information in these 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 State of New Jersey, Circular Letter 15-08-OMB, Single Audit Policy for
Recipients of Federal Grants, State Grants and State Aid (the "Circular"). Because the
Schedules present only a selected portion of the operations of the Organization, they are not
intended to and do not present the financial position, change in net assets or cash flows of the
Organization. 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 the State of New Jersey, Department of Community Affairs Cost
Reimbursement Manual, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Pass-through entity identifying numbers are presented where
available.
De Minimis Rate Used: N
Rate Explanation: The organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended September 30, 2024, the Organization provided $410,750 and $250,000, respectively, in pass-through funds to subrecipients under its BRIDGES and 2023 Shelter Providers Grants
Title: Note 5. Reconciliation of Federal and State Government Grants to Schedules
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial
assistance (the "Schedules") include the federal award and state financial activity of the
Organization under programs of the federal and state government for the year ended
September 30, 2024. The information in these 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 State of New Jersey, Circular Letter 15-08-OMB, Single Audit Policy for
Recipients of Federal Grants, State Grants and State Aid (the "Circular"). Because the
Schedules present only a selected portion of the operations of the Organization, they are not
intended to and do not present the financial position, change in net assets or cash flows of the
Organization. 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 the State of New Jersey, Department of Community Affairs Cost
Reimbursement Manual, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Pass-through entity identifying numbers are presented where
available.
De Minimis Rate Used: N
Rate Explanation: The organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal and state government grants revenue per audit: $ 3,720,138
Add: Amounts reported as program fees 320,130
Adjusted government grants revenue per audit 4,040,268
Expenses per Schedules
Schedule of Federal Awards $ 1,251,444
Schedule of State Financial Assistance 2,788,824
Total expenses per Schedules 4,040,268
Variance $ -