Title: Note 1 - Basis of Presentation
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal and state awards (the “schedule”) includes the federal and state award activity of Jewish Family Services, Inc. and Affiliates (the Agency), except as noted below, under programs of the federal and state government for the year ended June 30, 2021. The information in this 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 the State Single Audit Guidelines (the “Guide”). Because the schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Bradley Crossing 60, LLC; Bradley Crossing 54, LLC; JFS Housing Brown Deer, LLC; and JFS Housing Brown Deer II, LLC (for-profit LLCs) are consolidated in the Agency’s financial statements in accordance with accounting principles generally accepted in the United States of America. Federal awards in the form of loans received directly by these for-profit LLCs are not included in the schedule since such awards are included in the separate audits of each of the for-profit LLCs, and the award agreements do not indicate that such amounts are subject to the Uniform Guidance.
Note 2 - Summary of Significant 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. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the “schedule”) includes the federal and state award activity of Jewish Family Services, Inc. and Affiliates (the Agency), except as noted below, under programs of the federal and state government for the year ended June 30, 2021. The information in this 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 the State Single Audit Guidelines (the “Guide”). Because the schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Bradley Crossing 60, LLC; Bradley Crossing 54, LLC; JFS Housing Brown Deer, LLC; and JFS Housing Brown Deer II, LLC (for-profit LLCs) are consolidated in the Agency’s financial statements in accordance with accounting principles generally accepted in the United States of America. Federal awards in the form of loans received directly by these for-profit LLCs are not included in the schedule since such awards are included in the separate audits of each of the for-profit LLCs, and the award agreements do not indicate that such amounts are subject to the Uniform Guidance.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal and state awards (the “schedule”) includes the federal and state award activity of Jewish Family Services, Inc. and Affiliates (the Agency), except as noted below, under programs of the federal and state government for the year ended June 30, 2021. The information in this 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 the State Single Audit Guidelines (the “Guide”). Because the schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Bradley Crossing 60, LLC; Bradley Crossing 54, LLC; JFS Housing Brown Deer, LLC; and JFS Housing Brown Deer II, LLC (for-profit LLCs) are consolidated in the Agency’s financial statements in accordance with accounting principles generally accepted in the United States of America. Federal awards in the form of loans received directly by these for-profit LLCs are not included in the schedule since such awards are included in the separate audits of each of the for-profit LLCs, and the award agreements do not indicate that such amounts are subject to the Uniform Guidance.
Note 2 - Summary of Significant 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. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% 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. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
Title: Note 3 – Indirect Cost Allocation
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal and state awards (the “schedule”) includes the federal and state award activity of Jewish Family Services, Inc. and Affiliates (the Agency), except as noted below, under programs of the federal and state government for the year ended June 30, 2021. The information in this 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 the State Single Audit Guidelines (the “Guide”). Because the schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Bradley Crossing 60, LLC; Bradley Crossing 54, LLC; JFS Housing Brown Deer, LLC; and JFS Housing Brown Deer II, LLC (for-profit LLCs) are consolidated in the Agency’s financial statements in accordance with accounting principles generally accepted in the United States of America. Federal awards in the form of loans received directly by these for-profit LLCs are not included in the schedule since such awards are included in the separate audits of each of the for-profit LLCs, and the award agreements do not indicate that such amounts are subject to the Uniform Guidance.
Note 2 - Summary of Significant 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. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
The Agency has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
Title: Note 4 – Disaster Assistance Loans
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal and state awards (the “schedule”) includes the federal and state award activity of Jewish Family Services, Inc. and Affiliates (the Agency), except as noted below, under programs of the federal and state government for the year ended June 30, 2021. The information in this 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 the State Single Audit Guidelines (the “Guide”). Because the schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Bradley Crossing 60, LLC; Bradley Crossing 54, LLC; JFS Housing Brown Deer, LLC; and JFS Housing Brown Deer II, LLC (for-profit LLCs) are consolidated in the Agency’s financial statements in accordance with accounting principles generally accepted in the United States of America. Federal awards in the form of loans received directly by these for-profit LLCs are not included in the schedule since such awards are included in the separate audits of each of the for-profit LLCs, and the award agreements do not indicate that such amounts are subject to the Uniform Guidance.
Note 2 - Summary of Significant 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. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
The proceeds from the two respective disaster assistance loans received during the year ended June 30, 2021, are included in the schedule. The balances of the loans outstanding at June 30, 2021 consists of:
See the Notes to the SEFA for table.