Title: Basis of Presentation
Accounting Policies: The accompanying schedules of expenditures are presented using the accrual basis of accounting. 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), State of New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal, State Grants and State Aid, and the City of Philadelphia Subrecipient Audit Guide. Therefore, some amounts presented in these schedules may differ from amounts presented, in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedules of expenditures of Federal, State of New Jersey, and Commonwealth of Pennsylvania awards include the grant activity of Volunteers of America Delaware Valley, Inc. (VOADV) from the respective sources.
Title: Subrecipients
Accounting Policies: The accompanying schedules of expenditures are presented using the accrual basis of accounting. 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), State of New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal, State Grants and State Aid, and the City of Philadelphia Subrecipient Audit Guide. Therefore, some amounts presented in these schedules may differ from amounts presented, in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
VOADV did not pass any awards through to subrecipients.
Title: Subsequent Events
Accounting Policies: The accompanying schedules of expenditures are presented using the accrual basis of accounting. 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), State of New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal, State Grants and State Aid, and the City of Philadelphia Subrecipient Audit Guide. Therefore, some amounts presented in these schedules may differ from amounts presented, in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization has evaluated subsequent events occurring after the financial statement date of June 30, 2022 through October 28, 2022 which is the date these financial statements were available to be issued. No events arose during that period which would require adjustments or additional disclosure.