Notes to SEFA
The accompanying schedule of expenditures of federal awards and schedule of expenditures of state financial assistance and county awards (the "Schedules") include the federal award and state financial assistance activity of Abilities Center of Southern New Jersey, Inc. D/B/A Abilities Solutions under programs of the federal, state, and county government for the year ended June 30, 2025. 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") and State of New Jersey, Circular Letter 25-12-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid ("NJ Circular 25-12-OMB"). Because the Schedules present only a selected portion of the operations of Abilities Center of Southern New Jersey, Inc. D/B/A Abilities Solutions, it is not intended to and does not present the financial position, changes in net position, or cash flows of Abilities Center of Southern New Jersey, Inc. D/B/A Abilities Solutions.
Due to the absence of compliance requirements, subrecipient reporting obligations, and the unavailability of an agreement or contract, State pass-through funding from ACCSES NJ has been excluded from the Schedules.
The amounts reported on the Schedules do not represent the actual expenditures but rather reflect revenue recognized in accordance with a fee-for-service model. These figures reflect the income recognized for services rendered, rather than direct expenditures of awards. This excludes a portion of amounts reported for Pre-Employment Transition Services ("ETS") for which funding is recognized based on incurred expenditures.