Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules") include the federal award and state financial activity of the Agency under programs of the federal and state government for the year ended September 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 (the "Circular"). Because the Schedules present only a selected portion of the operations of the Agency, they are not intended to and do not present the financial position, change in net assets or cash flows of the Agency.
Expenditures of federal awards and state financial assistance are reported on the statements of functional expenses as program services. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported on the Schedules due to program expenditures exceeding grant or contract budget limitations, matching or in-kind contributions or capitalization policies required under accounting principles generally accepted in the United States of America.
Grants and contracts revenue per audit: $ 2,295,019 Less: County grant income not included in SEFA or SESA (21,518) Adjusted government grants revenue per audit 2,273,501 Expenses per Schedules Schedule of Expenditures of Federal Awards 1,685,673 Schedule of Expenditures of State Financial Assistance 587,828 Total expenses per Schedules 2,273,501 Variance $ -