Notes to SEFA
The accompanying schedules of expenditures of federal and state awards present the activity of all federal and state financial assistance programs of Project Self-Sufficiency of Sussex County, Inc. (the “Organization”). 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 (Uniform Guidance) and the New Jersey State Circular 15-08-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the preparation of the basic financial statements. All federal and state financial assistance received directly from federal and state agencies is included on the schedules of expenditures of federal and state awards. Because the schedules present only a selected portion of the operations of the Organization, it’s not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
No federal or state awards were provided to sub-recipients.
Amounts reported in the accompanying schedules agree with the amounts reported in the related federal and state financial reports.
Dollar threshold used to distinguish between Type A and Type B programs is $750,000. Single Audit requirement is $750,000.