Notes to SEFA
Title: General Information
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
The accompanying schedules of expenditures of Federal awards and state financial assistance present the activities in all the Federal and state awards programs of Prevent Child Abuse – New Jersey Chapter, Inc. All financial awards received directly from Federal and state agencies as well as financial awards passed through other governmental agencies or non-profit organizations are included on the schedules.
Title: Basis of Accounting
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
Title: Relationship to Basic Financial Statements
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
Expenditures of Federal awards and state financial assistance are generally 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 in the schedules of expenditures of Federal awards and state financial assistance 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.
Title: Indirect Cost
Accounting Policies: The accompanying schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent
deminimis cost rate as covered in section 200.414 in the Uniform Guidance.
PCA-NJ does not have a federally negotiated indirect cost rate and has not elected to use the 10 percent deminimis cost rate as covered in section 200.414 in the Uniform Guidance.