Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal and state grantactivity of New Jersey Prevention Network, Inc. for the year ended June 30, 2021. The information in the Schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), and New Jersey Circular 1508OMB. Because the Schedule presents only a selected portion of the operations of New Jersey Prevention Network, Inc., it isnot intended to and does not present the financial position, changes in net assets, or cash flows of New Jersey PreventionNetwork, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.