Notes to SEFA
The accompanying Schedules of Expenditures of Federal and State of New Jersey awards (the “Schedules”) include the Federal and State of New Jersey grant activity of Justice Innovation, Inc. (“the Center”) for the year ended June 30, 2025, and is presented on the accrual basis. 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 (“Federal Uniform Guidance”) and New Jersey Office of Management and Budget Circular 25-12, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Because the Schedules present only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Center.
During the year ended June 30, 2025, the Center used its federally approved negotiated indirect cost rate.