Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of NIPD-NJ under programs of the federal government for the year ended June 30, 2025. The information in this Schedule 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"). Because the Schedule presents only a selected portion of the operations of NIPD-NJ, it is not intended to and does not present the financial position, change in net assets or cash flows of NIPD-NJ.
The balances outstanding as of June 30, 2025, under the Community Development Block Grant were $830,504.
NIPD-NJ has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Government support and Medicaid revenue per financial statements $9,298,015 less: Medicaid revenue (8,733,498), Supportive Housing Connection revenue (564,517) Add : HUD loan passed through NJHMFA reported as a Federal award 830,504 Variance $0