Notes to SEFA
The accompanying schedules of expenditures of Federal awards and State financial assistance (the Schedules) include the federal and state award activity of Paterson Task Force for Community Action, Inc. under programs of the federal and State of New Jersey governments for the year ended October 31, 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 New Jersey Department of the Treasury Circular Letter 25-12-OMB, 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 Paterson Task Force for Community Action, Inc., they are not intended to and do not present the financial position, changes in net assets, or cash flows of Paterson Task Force for Community Action, Inc.
Expenditures reported on the Schedules 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. Pass-through entity identifying numbers are presented where available.
Paterson Task Force for Community Action, Inc. has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.
Paterson Task Force for Community Action, Inc. utilized no subrecipients during the fiscal year ended October 31, 2025.