Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules") includes the federal and state award activity of Newark Emergency Services for Families, Inc. under programs of the federal and New Jersey state governments for the year ended December 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 State of New Jersey, Department of Treasury, OMB Policy Circular 25-12-OMB ("NJ Circular 25-12- OMB"). Because the Schedules present only a selected portion of the operations of Newark Emergency Services for Families, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Newark Emergency Services for Families, 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 and NJ Circular 25-12-OMB, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Newark Emergency Services for Families, Inc. does not have a federally negotiated cost rate on its federal contracts. Newark Emergency Services for Families, Inc. has made an election pursuant to Uniform Guidance to utilize the 10% de minimus cost rate.
Federal award and state financial assistance expenditures are reported on the statement of functional expenses as program and general and administrative expenses. The expenditures reported in the basic financial statements may differ from the expenditures reported in 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.