Notes to SEFA
The accompanying Schedule of expenditures of federal and state awards (the “Schedule”) includes the activities of all federal and state financial assistance programs of JFCS for the year ended August 31, 2025. All governmental financial assistance received directly from federal agencies as well as financial governmental assistance passed through other state and local agencies is included on the Schedule. 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, and the City of Philadelphia Subrecipient Audit Guide. Because the Schedule presents only a selected portion of the operations of JFCS, it is not intended to and does not present the combined financial position, changes in net assets or cash flows of JFCS.
JFCS has an August 31 year-end. A portion of their grant awards generally have contract periods ending June 30. Therefore, the accompanying schedule contains financial activity for the last ten months of June 30, 2025 contracts and for the first two months of the June 30, 2026 contracts. Based on information from the funding agencies, and to retain consistency, the program/award allocations for the June 30, 2026 contracts have been allocated in the same percentages as the June 30, 2025 program/award amounts.