Title: Note 1 - General
Accounting Policies: Expenditures reported on these Schedules are reported on the accrual basis of accounting except for amounts passed through to sub-recipients, which are presented on a cash basis. Such expenditures are recognized following the cost principles contained in Title 2 U.S Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and State of New Jersey Circular 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Amounts reported in the accompanying Schedules agree with amounts reported in the organization's financial statements.
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.
The accompanying Expenditures of Federal Awards and State Financial Assistance (the “Schedules”) includes the federal and state grant activity of Legal Services of New Jersey, Inc. (the “organization”) under programs of the federal and state governments for the year ended December 31, 2023. 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 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Because the Schedules present only a selected portion of the operations of the organization, it is not intended to and does not present the financial position, changes in net position or cash flows of the organization.
Title: Note 2 – Summary of significant accounting policies, Basis of presentation
Accounting Policies: Expenditures reported on these Schedules are reported on the accrual basis of accounting except for amounts passed through to sub-recipients, which are presented on a cash basis. Such expenditures are recognized following the cost principles contained in Title 2 U.S Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and State of New Jersey Circular 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Amounts reported in the accompanying Schedules agree with amounts reported in the organization's financial statements.
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.
Expenditures reported on these Schedules are reported on the accrual basis of accounting except for amounts passed through to sub-recipients, which are presented on a cash basis. Such expenditures are recognized following the cost principles contained in Title 2 U.S Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and State of New Jersey Circular 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 - Relationship to financial statements
Accounting Policies: Expenditures reported on these Schedules are reported on the accrual basis of accounting except for amounts passed through to sub-recipients, which are presented on a cash basis. Such expenditures are recognized following the cost principles contained in Title 2 U.S Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and State of New Jersey Circular 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Amounts reported in the accompanying Schedules agree with amounts reported in the organization's financial statements.
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.
Amounts reported in the accompanying Schedules agree with amounts reported in the organization's financial statements.