Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules") include the federal and state award activity of Choose New Jersey, Inc. ("CNJ") under programs of the federal and state government for the year ended December 31, 2024. The information in these schedules 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 (the "Uniform Guidance") and New Jersey ("NJ") Circular Letter 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 CNJ, they are not intended to and do not present the financial position, changes in net assets, or cash flows of CNJ.