Notes to SEFA
Title: Reconciliation of Government Grants to Schedules
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance (the
"Schedules") include the federal and state grant activity of the Organization under programs of the
federal and state government for the year ended June 30, 2023. 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 15-08-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 Organization, they are not intended to and do
not present the financial position, change in net assets or cash flows of the Organization. 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 the
State of New Jersey, Department of Children and Families Cost Reimbursement Manual, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Government grants revenue per audit 2,977,108 Expenses per Schedules Schedule of expenditures of federal awards 1,276,478 Schedule of expenditures of state financial assistance 1,700,630 Total expenses per Schedules 2,977,108 Variance -