JEWISH FAMILY SERVICE OF LOS ANGELES

JEWISH FAMILY SERVICE OF LOS ANGELES

FINANCIAL STATEMENTS

YEAR ENDED JUNE 30, 2009


FINANCIAL STATEMENTS


CONTENTS Page Independent Auditors' Report ...............................................................1 Statement of Financial Position.............................................................2 Statement of Activities ........................................................................3 Statement of Functional Expenses ........................................................4 Statement of Cash Flows.....................................................................5 Notes to Financial Statements ..............................................................7 Supplemental Schedules ....................................................................22 Independent Auditors’ Report on Supplemental Schedules ................................................................23 Schedule of Expenditures of Federal Awards........................................24 Notes to Schedule of Expenditures of Federal Awards ..........................27 Schedule of Awards from the City of Los Angeles................................28

An Independent Member of HLB International

A world-wide organization of accounting firms and business advisers

10990 Wilshire Boulevard | Sixteenth Floor | Los Angeles, CA 90024-3929 TEL: (310) 873-1600 | FAX: (310) 873-6600 | www.ghjadvisors.com

HLB

INDEPENDENT AUDITORS’ REPORT

To the Board of Directors Jewish Family Service of Los Angeles We have audited the accompanying statement of financial position of Jewish Family Service of Los Angeles (a nonprofit organization) as of June 30, 2009 and the related statements of activities, functional expenses, and cash flows for the year then ended. These financial statements are the responsibility of the management of Jewish Family Service of Los Angeles. Our responsibility is to express an opinion on these financial statements based on our audit. The prior year summarized comparative information has been derived from the 2008 financial statements of Jewish Family Service of Los Angeles, and in our report dated September 25, 2008, we expressed an unqualified opinion on those financial statements. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Jewish Family Service of Los Angeles as of June 30, 2009, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated November 17, 2009 on our consideration of Jewish Family Service of Los Angeles’ internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit.

Green Hasson & Janks LLP November 17, 2009 Los Angeles, California

2009 2008

Cash and Cash Equivalents 209,811$ 216,154$ Investments 3,836,340 4,838,604 Accounts and Other Receivables (Net) 2,126,662 2,651,334 Pledges Receivable (Net) 1,197,760 1,395,765 Beneficial Interest in Perpetual Trusts 2,176,772 2,879,343 Beneficial Interest in Charitable Remainder Trust - 800,000 Deposits and Other Assets 341,906 324,886 Land, Buildings and Equipment (Net) 2,891,174 3,151,605

TOTAL ASSETS 12,780,425$ 16,257,691$

LIABILITIES:Accounts Payable 1,172,732$ 845,594$ Accrued Liabilities 1,040,923 1,156,656 Refundable Advances 378,007 606,564 Line of Credit 650,000 1,800,000 Notes Payable 322,810 390,609

TOTAL LIABILITIES 3,564,472 4,799,423

NET ASSETS:Unrestricted 2,760,726 4,223,874 Temporarily Restricted 3,564,064 3,643,113 Permanently Restricted 2,891,163 3,591,281

TOTAL NET ASSETS 9,215,953 11,458,268

TOTAL LIABILITIES AND NET ASSETS 12,780,425$ 16,257,691$


ASSETS

LIABILITIES AND NET ASSETS

STATEMENT OF FINANCIAL POSITIONJune 30, 2009

With Summarized Totals at June 30, 2008

The Accompanying Notes are an Integral Part of These Financial Statements

-2-

Temporarily Permanently 2008Unrestricted Restricted Restricted Total Total

REVENUE AND SUPPORT:Revenues:

Government Fees 9,732,224$ -$ -$ 9,732,224$ 9,355,738$ Client Fees, Program Income

and Reimbursements 3,193,670 - - 3,193,670 3,447,427 Support - Direct:

Contributions 2,204,025 2,918,515 2,453 5,124,993 4,992,077 Special Events (Net of Direct)

Expenses of $240,518) 657,339 - - 657,339 1,012,273 Grants 3,489,776 - - 3,489,776 3,118,802 Gifts In-Kind 1,285,768 - - 1,285,768 577,413 Change in Value of Beneficial

Interest in Perpetual Trusts - - (702,571) (702,571) (80,461) Support - Indirect:

Allocation from Jewish Federation Council 2,921,723 - - 2,921,723 3,329,038

Grant Passed Through JewishFederation Council 477,141 - - 477,141 506,702

Allocation from United Way 116,774 - - 116,774 197,702 Investment Loss (Net) (978,626) - - (978,626) (69,252) Rental and Other Income 53,618 - - 53,618 161,150 Net Assets Released from

Program Restrictions 2,997,564 (2,997,564) - - -

TOTAL REVENUE ANDSUPPORT 26,150,996 (79,049) (700,118) 25,371,829 26,548,609

EXPENSES:Program Services 22,369,767 - - 22,369,767 22,293,070 Supporting Services 5,244,377 - - 5,244,377 5,924,663

TOTAL EXPENSES 27,614,144 - - 27,614,144 28,217,733

CHANGE IN NET ASSETS (1,463,148) (79,049) (700,118) (2,242,315) (1,669,124)

Net Assets - Beginning of Year(As Reclassified) 4,223,874 3,643,113 3,591,281 11,458,268 13,127,392

NET ASSETS - END OF YEAR 2,760,726$ 3,564,064$ 2,891,163$ 9,215,953$ 11,458,268$

2009


STATEMENT OF ACTIVITIESYear Ended June 30, 2009

With Summarized Totals for the Year Ended June 30, 2008


-3-

Nutrition and Hunger

Senior/Older Adults

Children and Families Counseling

Shelter Services

Disabilities and Special Needs

Immigration and

Resettlement Total Program

Services Management and General Fundraising

Total Supporting Services 2009 2008

Salaries 1,451,548$ 5,799,024$ 160,843$ 1,182,640$ 1,131,115$ 226,688$ 292,124$ 10,243,982$ 2,363,573$ 632,986$ 2,996,559$ 13,240,541$ 13,836,976$ Payroll Taxes and

Employee Benefits 493,104 1,636,154 47,511 316,787 394,809 69,701 94,413 3,052,479 584,984 162,983 747,967 3,800,446 3,900,372 Employee Expenses 11,121 129,725 2,429 11,496 7,965 4,787 1,744 169,267 54,731 8,873 63,604 232,871 239,441

TOTAL PERSONNEL COSTS 1,955,773 7,564,903 210,783 1,510,923 1,533,889 301,176 388,281 13,465,728 3,003,288 804,842 3,808,130 17,273,858 17,976,789

Direct Client Services 829,651 2,932,226 140,504 106,424 49,217 30,273 121,149 4,209,444 450 2,150 2,600 4,212,044 4,231,327 Rent and Occupancy 387,452 328,823 12,656 256,978 173,975 15,200 65,806 1,240,890 389,114 108,297 497,411 1,738,301 1,655,319 Gifts In-Kind 837,224 448,544 - - - - - 1,285,768 - - - 1,285,768 577,413 Professional and Temporary

Services 183,115 334,966 39,245 100,796 35,917 2,097 550 696,686 152,164 1,295 153,459 850,145 914,344 Depreciation and Amortization 79,676 22,142 618 14,874 17,554 1,085 - 135,949 174,923 40,230 215,153 351,102 381,105 Supplies and Materials 58,454 94,310 2,798 21,455 24,491 1,578 2,552 205,638 24,156 16,208 40,364 246,002 272,872 Miscellaneous 14,840 32,268 34 3,986 78 181 186 51,573 166,605 26,789 193,394 244,967 113,182 Telephone 23,796 121,002 1,346 25,656 23,266 2,453 8,118 205,637 26,778 4,008 30,786 236,423 295,459 Program Activities - 182,510 340 934 1,362 16,700 - 201,846 5,852 50 5,902 207,748 230,794 Property Taxes and Insurance 36,512 84,185 1,819 16,762 17,911 3,191 2,296 162,676 29,138 6,796 35,934 198,610 260,566 Publicity and Advertising 13,738 36,575 1,276 64,853 408 314 - 117,164 53,491 17,675 71,166 188,330 384,290 Equipment, Repairs and

Maintenance 28,262 59,114 1,156 19,209 11,326 1,147 - 120,214 22,122 6,950 29,072 149,286 186,618 Printing and Reproduction 14,062 63,956 810 2,724 676 1,073 3,054 86,355 9,946 50,322 60,268 146,623 190,684 Equipment and Building

Purchases 11,745 43,514 82 1,533 17,686 - - 74,560 27,887 631 28,518 103,078 302,131 Security 52,849 7,056 40 6,621 4,394 292 - 71,252 72 - 72 71,324 71,674 Postage and Delivery 7,809 13,226 234 4,101 1,320 1,386 1,273 29,349 15,914 22,177 38,091 67,440 117,896 Dues and Subscriptions 917 7,337 - 25 624 125 10 9,038 33,352 705 34,057 43,095 55,270

TOTAL 2009 FUNCTIONAL EXPENSES 4,535,875$ 12,376,657$ 413,741$ 2,157,854$ 1,914,094$ 378,271$ 593,275$ 22,369,767$ 4,135,252$ 1,109,125$ 5,244,377$ 27,614,144$

TOTAL 2008 FUNCTIONAL EXPENSES 3,500,109$ 12,623,290$ 396,033$ 2,592,858$ 1,871,819$ 552,273$ 756,688$ 22,293,070$ 5,000,520$ 924,143$ 5,924,663$ 28,217,733$

Total ExpensesProgram Services


STATEMENT OF FUNCTIONAL EXPENSESYear Ended June 30, 2009


Supporting Services


-4-

2009 2008CASH FLOWS FROM OPERATING ACTIVITIES:Change in Net Assets (2,242,315)$ (1,669,124)$ Adjustments to Reconcile Change in Net Assets to

Net Cash Provided by (Used in) Operating Activities:Depreciation and Amortization 351,102 381,106 Realized and Unrealized Loss on Investments 1,039,107 174,531 Forgiveness of Notes Payable (56,000) (56,000) Permanently Restricted Contributions (2,453) (325,387) Change in Value of Beneficial Interest in

Perpetual Trusts 702,571 80,461 (Increase) Decrease in:

Beneficial Interest in Charitable Remainder Trust 800,000 (800,000) Accounts and Other Receivables 524,672 (33,873) Pledges Receivable 198,005 (241,057) Deposits and Other Assets (17,020) 87,353

Increase (Decrease) in:Accounts Payable 327,138 194,811 Accrued Liabilities (115,733) 51,516 Refundable Advances (228,557) 53,866

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,280,517 (2,101,797)

CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of Property and Equipment (90,671) (310,045) Reinvested Interest and Dividend Income (Net) (83,627) (102,475) Proceeds from Sale of Investments 1,000,000 353,610 Purchase of Investments (953,216) (270,870)

NET CASH USED IN INVESTING ACTIVITIES (127,514) (329,780)

CASH FLOWS FROM FINANCING ACTIVITIES:Permanently Restricted Contributions 2,453 325,387 Proceeds from (Repayments of) Line of Credit (Net) (1,150,000) 1,800,000 Payments of Notes Payable (11,799) -

NET CASH PROVIDED BY (USED IN)FINANCING ACTIVITIES (1,159,346) 2,125,387

NET DECREASE IN CASH AND CASH EQUIVALENTS (6,343) (306,190)

Cash and Cash Equivalents - Beginning of Year 216,154 522,344

CASH AND CASH EQUIVALENTS - END OF YEAR 209,811$ 216,154$


Year Ended June 30, 2009STATEMENT OF CASH FLOWS



-5-

2009 2008


Year Ended June 30, 2009STATEMENT OF CASH FLOWS


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash Paid During the Year for Interest 64,677$ 4,197$

SUPPLEMENTAL SCHEDULE OF NON-CASHINVESTING AND FINANCING ACTIVITIES:Leasehold Improvements Acquired

through Note Payable -$ 45,213$


-6-


NOTES TO FINANCIAL STATEMENTS June 30, 2009

-7-

NOTE 1 - ORGANIZATION Jewish Family Service of Los Angeles (JFSLA) is a diverse and diversified social service

agency. From its beginning in 1854, JFSLA has evolved along with a changing community and currently serves 60,000 people annually at various sites located throughout the County of Los Angeles. JFSLA serves clients of all ages, ethnicities and religions.

JFSLA’s goals are to strengthen and preserve individual, family and community life by providing a wide range of needed human services to people in the community at every stage of the life cycle. JFSLA programs fall into these primary services categories: (1) mental health, crisis intervention and counseling services for adults and children; (2) resettlement services for new immigrants; (3) an extensive network of services for clients with an ability to pay as well as for clients who cannot pay; and, (4) programs for special populations such as homeless shelters, services to persons with disabilities, and shelters for battered women and their children.

JFSLA employs a dedicated staff of more than 300, including licensed social workers,

psychologists, public health experts, gerontologists, clinical nurse practitioners, chefs and drivers. They are joined by more than 1,000 dedicated volunteers. A volunteer program, including recruitment, training and placement within JFSLA, provides resources upon which many of the above programs rely.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) BASIS OF PRESENTATION

The accompanying financial statements have been prepared on the accrual basis of accounting.

(b) ACCOUNTING

To ensure observance of certain constraints and restrictions placed on the use of resources, the accounts of JFSLA are maintained in accordance with the principles of net assets accounting. This is the procedure by which resources for various purposes are classified for accounting and reporting purposes into net asset classes that are in accordance with specified activities or objectives. Accordingly, all financial transactions have been recorded and reported by net asset class as follows:

• Unrestricted. These generally result from revenues generated by receiving

unrestricted contributions, providing services, and receiving income from investments less expenses incurred in providing program related services, raising contributions, and performing administrative functions.



-8-

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(b) ACCOUNTING (continued)

• Temporarily Restricted. JFSLA reports gifts of cash and other assets as temporarily restricted support if they are received with donor stipulations that limit the use of the donated assets. When a donor restriction expires, that is, when a stipulated time restriction ends or the purpose of the restriction is accomplished, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from program or capital restrictions. JFSLA has $3,564,064 of temporarily restricted net assets at June 30, 2009.

• Permanently Restricted. These net assets are received from donors who

stipulate that resources are to be maintained permanently, but permit JFSLA to expend all of the income (or other economic benefits) derived from the donated assets. JFSLA has $2,891,163 of permanently restricted net assets at June 30, 2009.

Restricted contributions received and spent in the same year are treated by JFSLA as unrestricted for reporting purposes.

(c) CASH AND CASH EQUIVALENTS

Cash and cash equivalents are short-term, highly liquid investments with maturities of three months or less at the time of purchase. Included in cash and cash equivalents are restricted amounts totaling $45,000. The carrying value of cash and cash equivalents at June 30, 2009 approximates its fair value.

(d) INVESTMENTS

Investments in marketable securities with readily determinable fair market values and all investments in debt securities are reported at fair value. Units held in the Common Investment Pool, managed by the Jewish Community Foundation (JCF) are valued by JCF using the net asset value method. Interest and dividend income and gains and losses on investments are reflected in the statement of activities as increases or decreases in unrestricted net assets unless their use is restricted by donor stipulations or law.

(e) ACCOUNTS AND OTHER RECEIVABLES

Receivables are recorded when billed or accrued and represent claims against third parties that will be settled in cash. The carrying value of receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The allowance for doubtful accounts is estimated based on historical collection trends, type of customer, the age of outstanding receivables and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectibility of those balances and the allowance is adjusted accordingly. Past due receivable balances are written-off when internal collection efforts have been unsuccessful in collecting the amount due. As of June 30, 2009, JFSLA has established an allowance for uncollectible accounts receivable in the amount of $23,508.



-9-

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) (f) CONCENTRATION OF CREDIT RISK

JFSLA maintains its cash and cash equivalents in bank deposit accounts and other investment accounts, which, at times, may exceed federally insured limits. JFSLA has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on these accounts.

JFSLA is a beneficiary agency of the Jewish Federation Council of Greater Los Angeles (JFC). JFC provides certain services to JFSLA, including administration of risk management, pension plan and certain other employee benefits. JFSLA reimburses JFC for the cost of these services. Approximately 13% of JFSLA’s revenue and support is provided by JFC.

Approximately 38% of JFSLA’s revenue and support is provided by various government agencies. Included in the accounts and other receivables balance outstanding at June 30, 2009 is $1,005,397 of government contracts receivable due from county, state, and federal granting agencies. Concentration of credit risk with respect to these receivables is limited, as the majority of JFSLA’s receivables consist of earned fees from contract programs granted by government agencies.

Approximately 70% of JFSLA’s labor force is covered by a collective bargaining agreement that was ratified in the prior year. The agreement covers the period of October 31, 2007 through June 30, 2010.

(g) CONTRIBUTIONS AND PLEDGES RECEIVABLE

Unconditional contributions, including pledges recorded at fair value, are recognized as revenues when the pledge is received. JFSLA reports unconditional contributions as restricted support if they are received with donor stipulations that limit the use of the donated assets. Conditional promises to give are not included as support until such time as the conditions are substantially met.

(h) BENEFICIAL INTEREST IN PERPETUAL TRUSTS

Donors have established and funded trusts, which are administered by organizations other than JFSLA. Under the terms of each trust, JFSLA has the irrevocable right to receive all or a portion of the income earned on the trust assets either in perpetuity or for the life of the trust. JFSLA does not control the assets held by the outside trusts. Annual distributions from the trusts are reported as investment income. Adjustments to the beneficial interest to reflect changes in the fair value are reflected in the statement of activities as a change in value of beneficial interest in perpetual trusts.



-10-

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) (i) BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS

When JFSLA is designated as the beneficiary of assets held in charitable remainder trusts administered by other trustees, JFSLA recognizes temporarily restricted contribution revenue and, as a receivable, the present value of the estimated future benefits to be received when the trust assets are distributed. Adjustments to the receivable to reflect the revaluation of the present value of the estimated future payments to the lifetime beneficiaries are recognized in the statement of activities as a change in value of beneficial interest in charitable remainder trusts. The carrying values of certain trusts have not yet been determined and accordingly, such assets have not been recorded in the accompanying financial statements.

(j) LAND, BUILDINGS AND EQUIPMENT

Land, buildings and equipment are recorded at cost at the date of acquisition if purchased or at estimated fair value at the date of donation if donated. Depreciation and amortization are computed using the straight-line basis over the estimated useful lives of the related assets. Land, buildings and equipment are capitalized if the cost of an asset is greater than or equal to $5,000 and the useful life is greater than one year. The estimated useful lives are as follows:

Buildings and Improvements 15 - 30 Years Furniture, Vehicles and Equipment 5 Years Leasehold Improvements Lease Term

Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for fixed assets from certain grant funds are expensed when acquired because the grantor retains title to such assets.

(k) LONG-LIVED ASSETS AND ASSET RETIREMENT OBLIGATION

JFSLA evaluates the carrying values of its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the book value of the assets may not be recoverable. An impairment loss is recognized when the sum of the undiscounted future cash flows is less than the carrying amount of the asset, in which case a write-down is recorded to reduce the related asset to its estimated fair value. No impairment losses were recognized during the year ended June 30, 2009.

JFSLA recognizes a liability for the fair value of a conditional asset retirement obligation if the fair value of the liability can be reasonably estimated. Any uncertainty about the amount and/or timing of future settlement is factored into the measurement of the liability when sufficient information exists. JFSLA has completed an assessment of its conditional asset retirement obligations and an asset retirement obligation of $28,089 is included in accrued liabilities at June 30, 2009.



-11-


(l) REFUNDABLE ADVANCES

Grant funds are recognized as revenue in accordance with the term of the grants and when funds are expended for grant purposes. Refundable advances include both amounts received in excess of funds expended to date as well as grant amounts awarded and not yet expended. In accordance with the term of the grant, each contract must be treated as separate fund; therefore, continuing programs that accrue debts related to one contract period cannot be paid by cash advances related to another contract period.

(m) CONTRIBUTED GOODS, SERVICES AND FACILITIES

Contributions of donated non-cash assets are recorded at fair value in the period received. Contributions of donated services are recognized if the services received (a) create or enhance long-lived assets, or (b) require specialized skills provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. Contributed goods were valued at $837,223 for the year ended June 30, 2009. The City of West Hollywood has contributed the use of various program facilities to JFSLA on a month-to-month basis. The fair market value of the donated use of these facilities for the year ended June 30, 2009 was $448,545.

A substantial number of volunteers have donated significant amounts of their time to JFSLA. The services that these individuals rendered, however, do not meet the above criteria and, as such, are not recognized as revenue.

(n) PUBLICITY AND ADVERTISING

Publicity and advertising costs are expensed as incurred. Total publicity and advertising expense was $188,330 for the year ended June 30, 2009.

(o) INCOME TAXES

JFSLA is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d.

(p) FUNCTIONAL ALLOCATION OF EXPENSES

The costs of providing JFSLA’s programs and other activities have been presented in the statement of functional expenses. During the year, such costs are accumulated into separate groupings as either direct or indirect. Indirect or shared costs are allocated among program and support services by a method that best measures the relative degree of benefit. JFSLA uses full-time equivalents to allocate indirect costs.



-12-

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) (q) USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets, liabilities, revenues and expenses as of the date and for the period presented. Accordingly, actual results could differ from those estimates.

(r) COMPARATIVE TOTALS

The financial statements include certain prior-year summarized comparative information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with accounting principles generally accepted in the United States of America. Accordingly, such information should be read in conjunction with JFSLA’s financial statements for the year ended June 30, 2008 from which the summarized information was derived.

(s) RECLASSIFICATION

For comparability, the June 30, 2008 amounts have been reclassified, where appropriate, to conform to the financial statement presentation used at June 30, 2009. As a result, the following net asset reclassification has been presented in the accompanying financial statements.

Unrestricted Net Assets

Permanently Restricted Net Assets

Beginning of Year as Previously Reported $ 4,380,923 $ 3,434,232 Reclassification of Investments (157,049) 157,049 BEGINNING OF YEAR AS RECLASSIFIED $ 4,223,874 $ 3,591,281

(t) RECENT ACCOUNTING PRONOUNCEMENT

In July 2006, the Financial Accounting Standards Board (FASB) issued FASB

Interpretation No. 48 (FIN 48), “Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement 109.” FIN 48 clarifies the accounting for uncertainty in income taxes recognized in an organization’s financial statements in accordance with FASB Statement No. 109, “Accounting for Income Taxes.” FIN 48 prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken, or expected to be taken, on a tax return. FIN 48 was initially effective for fiscal years beginning after December 15, 2006. The implementation date for non-public corporations for FIN 48 has been



-13-


(t) RECENT ACCOUNTING PRONOUNCEMENT (continued) delayed and is now effective for fiscal years beginning after December 15, 2008.

JFSLA has elected to defer adoption of FIN 48 until July 1, 2009 and has not currently determined the impact of FIN 48, if any, on the accompanying financial statements. However, until FIN 48 is adopted, JFSLA will continue to account for uncertain tax positions using the guidance in FASB Statement 5, “Accounting for Contingencies.” The cumulative effect, if any, of adopting FIN 48 will be recorded as an adjustment to net assets on July 1, 2009.

(u) SUBSEQUENT EVENTS

JFSLA has evaluated events and transactions occurring subsequent to the statement of financial position date of June 30, 2009 for items that should potentially be recognized or disclosed in these financial statements. The evaluation was conducted through November 17, 2009, the date these financial statements were available to be issued. No such material events or transactions were noted to have occurred.

NOTE 3 - INVESTMENTS At June 30, 2009, JFSLA investments consist of the following:

Jewish Community Foundation Common Investment Pool - Other Investments $ 2,178,472 Equity Funds - U.S. 454,844 Bonds Funds - U.S. 661,354 Money Market and Cash Equivalents 541,670 TOTAL INVESTMENTS $ 3,836,340

Net investment loss for the year ended June 30, 2009 consists of the following:

Interest and Dividend Income $ 84,766 Net Realized and Unrealized Loss on Investments (1,039,107) Management Fees (24,285) NET INVESTMENT LOSS $ (978,626)



-14-

NOTE 4 - FAIR VALUE MEASUREMENTS

Effective July 1, 2008, JFSLA implemented Statement of Financial Accounting Standards No. 157 (SFAS 157) for those assets (and liabilities) that are re-measured and reported at fair value at each reporting period. This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value based on inputs used, and requires additional disclosures about fair value measurements. SFAS 157 applies to fair value measurements already required or permitted by existing standards.

In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets (or liabilities). Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset (or liabilities) and include situations where there is little, if any, market activity for the asset (or liability).

The following table presents information about JFSLA’s assets that are measured at fair value on a recurring basis at June 30, 2009 and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value: Fair Value Measurements Using

Year Ended June 30,

2009

Quoted Prices in Active

Markets for Identical Assets

(Level 1)

Significant Other

Observable Inputs

(Level 2)

Significant Unobservable

Inputs (Level 3)

Jewish Community Foundation Common Investment Pool - Investments $ 2,178,472 $ - $ - $ 2,178,472

Equity Funds - U.S. 454,844 454,844 - - Bond Funds - U.S. 661,354 661,354 - - Money Market and Cash Equivalents 541,670 541,670 - -

TOTAL INVESTMENTS 3,836,340 1,657,868 - 2,178,472 Beneficial Interest in Perpetual Trusts 2,176,772 - - 2,176,772 TOTAL $ 6,013,112 $ 1,657,868 $ - $ 4,355,244 The fair values of marketable securities within Level 1 inputs were obtained based on quoted market prices at the closing of the last business day of the fiscal year.



-15-

NOTE 4 - FAIR VALUE MEASUREMENTS (continued)

The fair values of investment pool and beneficial interests were determined as described in Notes 2(d) and 2(h), respectively. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Unrestricted Temporarily Restricted Permanently Restricted

Investments Investments

Beneficial Interest in Charitable Remainder

Trusts Investments

Beneficial Interest in Perpetual

Trusts Total Beginning Balance $ 1,332,927 $ 1,944,799 $ 800,000 $ 711,938 $ 2,879,343 $ 7,669,007 Net Losses (271,015) (281,398) - (258,779) (702,571) (1,513,763) Transfers In (Out) of Level 3 (334,095) (665,905) (800,000) - - (1,800,000) ENDING BALANCE $ 727,817 $ 997,496 $ - $ 453,159 $ 2,176,772 $ 4,355,244

NOTE 5 - BENEFICIAL INTEREST IN PERPETUAL TRUSTS

JFSLA is the 100% beneficiary of twelve perpetual trusts and the 16.67%-20.00% beneficiary of three perpetual trusts whose assets are held by a third party trustee. JFSLA has legally enforceable rights or claims to the annual income. The carrying value of JFSLA’s portion of these perpetual trusts at June 30, 2009 was $2,176,772. The investment loss incurred on the perpetual trusts during the year ended June 30, 2009 from these trusts was $702,571.

NOTE 6 - PLEDGES RECEIVABLE Pledges receivable at June 30, 2009 are expected to be collected as follows:

Years Ending June 30 2010 $ 1,025,760 2011 86,000 2012 86,000 PLEDGES RECEIVABLE (NET) $ 1,197,760



-16-

NOTE 7 - LAND, BUILDINGS AND EQUIPMENT

Land, buildings and equipment consist of the following as of June 30, 2009:

Land $ 977,030 Construction in Process 23,102 Buildings and Improvements 5,974,376 Furniture, Vehicles and Equipment 996,919 Leasehold Improvements 617,690

TOTAL 8,589,117 Less: Accumulated Depreciation and Amortization (5,697,943) LAND, BUILDINGS AND EQUIPMENT (NET) $ 2,891,174

Depreciation and amortization expense for the year ended June 30, 2009 was $351,102.

In 1996, JFSLA and the City of Los Angeles owned, as tenants-in-common, certain real

property used as a Multiservice Center for senior citizens. In 1997, the City of Los Angeles sold the property to JFSLA in return for a note in the amount of $350,000 (See Note 10). In addition, the balance of the Senior Service building annex was acquired in 1989 with a State of California grant for $331,750. If JFSLA disposes of these buildings, a portion of the proceeds may revert to the grantor, namely the City of Los Angeles or the State of California.

NOTE 8 - ACCRUED LIABILITIES Accrued liabilities at June 30, 2009 consist of the following:

Accrued Vacation $ 564,366 Accrued Payroll 448,468 Asset Retirement Obligation 28,089 TOTAL ACCRUED LIABILITIES $ 1,040,923

NOTE 9 - SELF-INSURANCE

JFSLA has elected to be self-insured for the purposes of California State Unemployment Insurance. The reserve for unemployment liability at June 30, 2009 included in accounts payable of $73,322 represents estimated future claims arising from current and past employees. Unemployment expense for the year ended June 30, 2009 was $175,874.



-17-

NOTE 9 - SELF-INSURANCE (continued)

Gross Claims

Liability

Estimated Insurance Recoveries

Net Claims Liability

Balance at July 1, 2008 $ 63,002 $ - $ 63,002 Self-Insurance Expenses Incurred 175,874 - 175,874 Payments Made to Fund Related Liabilities (165,554) - (165,554) BALANCE AT JUNE 30, 2009 $ 73,322 $ - $ 73,322

NOTE 10 - LINE OF CREDIT

JFSLA has a revolving line of credit with Wells Fargo Bank due March 1, 2010 in the amount of $3,000,000. The line of credit is unsecured and bears interest at 4% above Daily One Month LIBOR. At June 30, 2009, the balance due on the line of credit was $650,000 and the LIBOR rate was 4.375%.

The revolving line of credit contains various covenants which include, among others, net loss measured on a rolling six month basis, to be not greater than $500,000 and certain current ratios. These covenants were waived at June 30, 2009.

NOTE 11 - NOTES PAYABLE Notes payable at June 30, 2009 consist of the following:

Note Payable to Community Redevelopment Agency of the City of Los Angeles (CRA) in the Original Principal Amount of $175,000, Secured by First Deed of Trust on Land and Buildings of the Gramercy Shelter, Principal and Interest at 3% Due in Annual Payments Made Exclusively from Residual Receipts (as Defined in the Loan Agreement) Derived from the Project at the Financed Property. No Residual Receipts are Anticipated as the Gramercy Shelter Does Not Charge Fees for Use, Due 2016 $ 175,000 Note Payable to City of Los Angeles in the Original Principal Amount of $350,000, Interest Free, Secured by Deed of Trust on Property Acquired with this Note, Principal Forgiven in Equal Monthly Installments over the Term of the Note, Due 2012 80,000 Note Payable to City of Los Angeles in the Original Principal Amount of $401,000, Interest Free, Secured by Deed of Trust on Property Acquired with this Note, Principal Forgiven in Equal Monthly Installments over the Term of the Note, Due 2010 34,396



-18-

NOTE 11 - NOTES PAYABLE (continued)

Note Payable to Private Company in the Original Principal Amount of $44,284 and Interest of $2,129, Unsecured, with an Interest Rate of 5%, Due in Monthly Payments of $1,000 for Thirteen Months and Lump Sum Payment of $33,413 Due on or Before August 1, 2009, Fully Paid on July 2009 $ 33,414 TOTAL NOTES PAYABLE $ 322,810

No interest on the CRA note was recognized during the year ended June 30, 2009. Loan

forgiveness of $56,000 in respect of the City of Los Angeles notes was recognized during the year ended June 30, 2009 and is included in contributions in the accompanying statement of activities.

Future forgiveness of notes payable is as follows:

Years Ending June 30

2010 $ 87,810 2011 20,000 2012 20,000 2013 20,000 2014 20,000

Thereafter 175,000

TOTAL $ 322,810 NOTE 12 - TEMPORARILY RESTRICTED NET ASSETS Temporarily restricted net assets as of June 30, 2009 included the following:

SOVA Programs $ 1,788,403 Client Intake 461,502 Freda Mohr Multipurpose Center 422,157 Holocaust 384,297 Israel Levin Center 126,912 Family Violence 20,237 Home Secure 1,436 Other Programs/Time Restrictions 359,120 TEMPORARILY RESTRICTED NET ASSETS $ 3,564,064



-19-

NOTE 13 - RETIREMENT BENEFITS JFSLA participates with other agencies in a multi-employer defined benefit pension plan

maintained by JFC. The plan covers full-time employees with more than one year of service. At June 30, 2009, the plan had an actuarially calculated unfunded liability. The actuarial information needed to calculate the unfunded liability on an individual participating employer basis is not available; therefore, any under-funding is not reflected on the accompanying financial statements. Effective January 1, 2006, new employees are no longer eligible to participate in the defined benefit pension plan; instead they are eligible to participate in a defined contribution plan, which provides contributions at a set percentage of eligible compensation.

NOTE 14 - COMMITMENTS AND CONTINGENCIES

(a) OPERATING LEASES

JFSLA leases facilities and equipment under operating leases with various terms. Future minimum payments, by year and in the aggregate, under these leases with initial or remaining terms of one year or more are as follows:

Years Ending June 30

2010 $ 479,742 2011 292,395 2012 188,197 2013 27,755

TOTAL $ 988,089

Rent expense under operating leases for the year ended June 30, 2009 was $1,146,893 of which $545,587 was paid to JFC. In the new year, JFSLA will be moving its corporate offices.

(b) LEGAL PROCEEDINGS

In the ordinary course of conducting its business, JFSLA becomes involved in various lawsuits. Some of these proceedings may result in judgments being assessed against JFSLA which, from time to time, may have an impact on changes in net assets. JFSLA does not believe that these proceedings, individually or in the aggregate, would have a material effect on the accompanying financial statements.

(c) CONTRACTS

JFSLA’s grants and contracts are subject to inspection and audit by the appropriate governmental funding agencies. The purpose is to determine whether program funds were used in accordance with their respective guidelines and regulations. The potential exists for disallowance of previously funded program costs. The ultimate liability, if any, which may result from these governmental audits cannot be reasonably estimated.



-20-

NOTE 14 - COMMITMENTS AND CONTINGENCIES (continued)

(d) PROTECTIVE SERVICES PROGRAM

JFSLA acts as a court-appointed conservator of $1,695,890 in assets for clients needing such protective services. These assets are not reflected in the financial statements for JFSLA as the assets belong to the clients of the protective services program. As of June 30, 2009, approximately, $25,050 in fees are due to JFSLA related to services provided under this program and are included in accounts and other receivables.

NOTE 15 - ENDOWMENTS

JFSLA’s endowments consist of funds established for a variety of purposes. Endowment funds are established by donor-restricted gifts and bequests to either provide a permanent endowment, which is to provide a permanent source of income to JFSLA, or a term endowment, which is to provide income for a specified period to JFSLA. Beneficial interests in perpetual trusts administered by outside trustees are not considered part of JFSLA’s endowments.

JFSLA’s management understands California State law as (1) requiring the preservation of the fair value of the original gifts as of the gift date of the donor restricted endowment funds, absent donor stipulations to the contrary and (2) allowing the spending of income and gains on permanently restricted endowments, absent explicit donor stipulations that all or a portion of such gains be maintained in perpetuity.

The primary long-term financial objective for JFSLA’s endowments is to preserve the real (inflation-adjusted) purchasing power of endowment assets and income after accounting for endowment spending, inflation and costs of portfolio management. Performance of the overall endowment against this objective is measured over an investment horizon of ten years. The endowments are also managed to optimize the long run total rate of return on invested assets, assuming a prudent level of risk. The goal for this rate of return is one that funds JFSLA’s existing spending policy and allows sufficient reinvestment to grow the endowment principal at a rate that exceeds inflation (as measured by the Consumer Price Index). Over the short term, the return for each element of the endowment portfolio should match or exceed each of the returns for the broader capital markets in which assets are invested.

JFSLA has developed a spending policy that will distribute a specific payout rate of the endowment base to support JFSLA’s programs. The endowment base has been defined as a 12-quarter moving average of the market value of the total endowment portfolio. The distribution or payout rate will be at 5% of the base. Such a policy will allow for a greater predictability of spendable income for budgeting purposes and for gradual steady growth for the support of operations by the endowments. In addition, this policy will minimize the probability of invading the principal over the long term.



-21-

NOTE 15 - ENDOWMENTS (continued)

Endowment Net Asset Composition by Type of Fund at June 30, 2009 Unrestricted

Temporarily Restricted

Permanently Restricted Total

Donor-Restricted $ (258,779) $ - $ 714,391 $ 455,612 Changes in Endowment Net Assets for the Year Ended June 30, 2009 Unrestricted

Temporarily Restricted

Permanently Restricted Total

Endowment Net Assets - Beginning of Year $ - $ - $ 711,938 $ 711,938 Contributions - - 2,453 2,453 Investment Return: Investment Income - 20,013 - 20,013 Unrealized Loss (258,779) (20,013) - (278,792) Appropriation of Endowment Assets for Expenditure - - - - ENDOWMENT NET ASSETS - END OF YEAR $ (258,779) $ - $ 714,391 $ 455,612

NOTE 16 - MADOFF LOSS

JFSLA learned that an investment in the JCF common investment pool was in an account managed by Bernard Madoff Investment Securities, LLC, a registered broker-dealer (BMIS) and had been materially adversely affected by a fraud orchestrated by Bernard Madoff. JFSLA losses associated with the Bernard Madoff fraud pertaining to its investment in the JCF common investment pool was $305,301 for the year ended June 30, 2009. These losses are included in the net investment loss in the statement of activities for the year ended June 30, 2009.

-22-


SUPPLEMENTAL SCHEDULES


An Independent Member of HLB International

A world-wide organization of accounting firms and business advisers

10990 Wilshire Boulevard | Sixteenth Floor | Los Angeles, CA 90024-3929 TEL: (310) 873-1600 | FAX: (310) 873-6600 | www.ghjadvisors.com

-23-

HLB

INDEPENDENT AUDITORS’ REPORT ON SUPPLEMENTAL SCHEDULES

To the Board of Directors Jewish Family Service of Los Angeles Our report on our audit of the basic financial statements of Jewish Family Service of Los Angeles for the year ended June 30, 2009 appears on Page 1. That audit was performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133 “Audits of States, Local Governments, and Nonprofit Organizations,” and is not a required part of the basic financial statements. The accompanying Schedule of Awards from the City of Los Angeles is also presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.

Green Hasson & Janks LLP November 17, 2009 Los Angeles, California

JEWISH FAMILY SERVICE OF LOS ANGELESSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

as of June 30, 2009 (FYE 2009)

Contract and/orPassed through Federal Disbursements

Federal Grantor/Passed Through Grantor/Program Title Grant Period Grantor's Number CFDA Number or Expenditures

U.S. Department of Health and Human ServicesSubstance Abuse and Mental Health Services Administration 30-Sep-08 to 29-Sep-09 1H79SM058750-01 93.243 214,586$ Life Program (Living Independently in a Friendly Envirorment) 1-Sep-08 to 31-Aug-10 90AM3203 93.048 123,637

Passed through State of California Department of Aging:Multi-Purpose Senior Service Program 1-Jul-08 to 30-Jun-09 MS-0809-04 93.778 1,416,193 County ADCRC Partners - CBSP 1-Jul-08 to 30-Jun-09 40385, Amend. 4 93.051 59,348

Passed through City of Los Angeles Department of Aging:West Wilshire C1 1-Jul-08 to 30-Jun-09 C-114537 93.045 257,296 West Wilshire C2 1-Jul-08 to 30-Jun-09 C-114537 93.045 236,703 West Wilshire IIIB 1-Jul-08 to 30-Jun-09 C-114537 93.044 139,479 NSIP - West Wilshire C1 1-Jul-08 to 30-Jun-09 C-114537 93.053 34,061 NSIP- West Wilshire C2 1-Jul-08 to 30-Jun-09 C-114537 93.053 32,193 City of LA III-E Family Caregiver OTO 1-April-09 to 30-Jun-09 C-114537 93.052 26,000 OASIS 1-Jul-08 to 30-Jun-09 C-114483 93.044 103,719

Passed through County of Los Angeles:Congregate Meals C1 1-Jul-08 to 30-Jun-09 AAA-ENP2-0809-012 93.045 74,998 County C2-Home Delivered Meals 1-Jul-08 to 30-Jun-09 AAA-ENP2-0809-012 93.045 111,805 County C1-NSIP 1-Jul-08 to 30-Jun-09 AAA-ENP2-0809-012 93.053 7,598 County C2-NSIP 1-Jul-08 to 30-Jun-09 AAA-ENP2-0809-012 93.053 18,081 County Telephone Reassurance 1-Jul-08 to 30-Jun-09 AAA-ENP2-0809-012 93.044 906 County Integrated Care Mgmt 1-Jul-08 to 30-Jun-09 40129 93.044 123,198 ICM - Caregiver Support IIIE 1-Jul-08 to 30-Jun-09 40129 93.044 12,054 County ADCRC Partners - IIIB 1-Jul-08 to 30-Jun-09 40385, Amend. 4 93.044 22,994 County ADCRC Partners - IIIE 1-Jul-08 to 30-Jun-09 40385, Amend. 4 93.052 8,750 Alcohol & Drug Action Program 1-Jul-08 to 30-Jun-09 H-212632-2 93.959 31,176 County LA CalWork pII (FVP) 1-Jul-08 to 30-Jun-09 DV-CWGR-0809-23 93.045 140,000 County LA Presley (FVP) 08/09 1-Jan-08 to 31-Dec-08 DVSBP-16 93.045 34,791 County LA Presley (FVP) 09/10 1-Jan-09 to 31-Dec-09 DVSBP-16 93.045 35,502

Total U.S. Department of Health and Human Services 3,265,068

See Independent Auditors' Report on Supplemental Schedules

-24-


as of June 30, 2009 (FYE 2009)



Passed through State of California Department of Education:Adult Day Health Care Food Program 1-Jul-08 to 30-Jun-09 5031-1N 10.558 43,947

Total U.S. Department of Agriculture 43,947

U.S. Department of Housing and Urban Development

Gramercy Place Shelter HUD 1-Jul-08 to 30-Jun-09 CA16B700126 14.235 180,498 HUD (Family Violence) 08/09 1-Apr-08 to 31-Mar-09 CA16B700067 14.235 203,203 HUD (Family Violence) 09/10 1-Apr-09 to 31-Mar-10 CA0372B9D000801 14.235 56,818 Notes Payable Outstanding Balance as needed N/A 14.235 289,396

Passed through City of Los Angeles Community Development Department:Domestic Violence Shelter- CDD 08/09 1-Apr-08 to 31-Mar-09 C-113417 14.218 48,374 Domestic Violence Shelter- CDD 09/10 1-Apr-09 to 31-Mar-10 C-115640 14.218 16,236

Passed through City of Los Angeles Department of Aging:Home Secure - LAHD 08/09 1-Apr-08 to 30-Jun-09 C-110926 14.218 264,627

Passed through Los Angeles Homeless Services Authority:LAHSA II (Gramercy) 08/09 (CDBG) 1-Apr-08 to 31-Mar-09 2008CDBG19 14.218 66,262 LAHSA II (Gramercy) 09/10 (CDBG) 1-Apr-09 to 31-Mar-10 2009CDBG15 14.218 23,116

Passed through County of Los Angeles, CDBG:Partners CDBG-County of LA 1-Jul-08 to 30-Jun-09 E96309-08 14.218 22,553

Passed through City of Beverly Hills:Beverly Hills Sr. Case Management 1-Jul-08 to 30-Jun-09 455-08 14.218 38,511 Beverly Hills Community Assistance 1-Jul-08 to 30-Jun-09 302-08 14.218 50,500


-25-


as of June 30, 2009 (FYE 2009)



Passed through City of Burbank:Home Secure 1-Jul-08 to 30-Jun-09 116045 14.218 70,000

Passed through Culver City:Home Secure 1-Jul-08 to 30-Jun-09 RA 08-14 14.218 28,073

Total U.S. Department of Housing and Urban Development 1,358,167

Federal Emergency Management Agency

Passed through United WayEFSP (SOVA) 2007-2008 1-Nov-07 to 31-Oct-08 Phase 26 97.024 14,887 EFSP (SOVA) 2008-2009 1-Nov-08 to 31-Oct-09 Phase 27 97.024 10,636 EFSP ARRA (SOVA) 2008-2009 1-Nov-08 to 31-Oct-09 Phase 27 97.024 -

EFSP (Gramercy) 07/08 1-Nov-07 to 31-Oct-08 Phase 26 97.024 16,341 EFSP (Gramercy) 08/09 1-Nov-08 to 31-Dec-09 Phase 27 97.024 48,274 EFSP (FVP) 08/09 1-Nov-08 to 31-Dec-09 Phase 27 97.024 6,904

Total Federal Emergency Management Agency 97,042

U.S. Department of Justice

Passed through State of California Office of Criminal Justice PlanningOES (State of CA Office of Emergency Services) 1-Jul-08 to 30-Jun-09 DV08081773 16.575 177,000

Total Department of Justice 177,000

Total Federal Awards 4,941,224$


-26-

1.

2.

3. Total Disbursements or Expenditures by CFDA Number are summarized as follows:

Federal CFDA Number Program Description

Disbursements or Expenditures

10.558 Child and Adult Care Food Program 43,947$ 14.218 Community Development Block Grants/Entitlement Grants 628,25214.235 Supportive Housing Program 729,91516.575 Crime Victim Assistance 177,00093.044 Special Programs for the Aging Title III Part B 402,35093.045 Special Programs for the Aging Title III Part C 891,09593.048 Special Programs for the Aging - Discretionary Projects 123,63793.051 Alzheimer's Disease Demonstration Grants to States 59,34893.052 National Family Caregiver Support 34,75093.053 Nutritional Services Incentive Program 91,93393.243 Older Adult Mental Health Outreach Program 214,58693.778 Medical Assistance Program 1,416,19393.959 Block Grants for Prevention and Treatment of Substance Abuse 31,17697.024 Emergency Food and Shelter National Board Program 97,042

TOTAL FEDERAL AWARDS 4,941,224$

Basis of Accounting - The Schedule of Expenditures of Federal Awards has been reported on theaccrual basis of accounting.

JFSLA is exempt from income taxation under Internal Revenue Code Section 501(c)(3) and CaliforniaRevenue Taxation Code Section 23701d.


NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDSYear Ended June 30, 2009


-27-

Funding ProgramGrant

Number LocationDepartment of

Aging

Los Angeles Housing

DepartmentUSDA

Entitlement

Community Development Department

Criminal Justice Planning

Los Angeles Homeless Services Authority

Non-Government

Reimbursement (Non-Match)

Program Income Matching (1)

Total (2)

Title III B Supportive Services C-114537 West Wilshire 139,479$ -$ -$ -$ -$ -$ -$ 908$ 92,102$ 232,489$ Title III B Supportive Services C-114483 OASIS 103,719 - - - - - - - 25,596 129,315 Title III C1 Congregate Meals C-114537 West Wilshire 257,296 - 34,061 - - - - 53,117 254,632 599,106 Title III C2 Home Delivered Meals C-114537 West Wilshire 236,703 - 32,193 - - - - 40,158 104,031 413,085 Proposition A Cityride-Transportation C-114537 West Wilshire 199,393 - - - - - - 2,160 25,906 227,459 Title IIIE OTO Family Caregiver C-114537 West Wilshire 26,000 - - - - - - - 362 26,362 Home Secure-LAHD Home Safety C-110926 City Wide - 264,627 - - - - 4,871 - - 269,498 Criminal Justice Domestic Violence DV08081773 Sherman Oaks - - - - 177,000 - 6,325 - 38,125 221,450 CDD 2008-09 Transitional Shelter C-113417 North Hollywood - - - 48,374 - - 24,316 - - 72,690 CDD 2009-10 Transitional Shelter C-115640 North Hollywood - - - 16,236 - - 352 - - 16,588 Linkages Linkages C-114432 North Hollywood 207,737 - - - - - - - 7,372 215,109 Respite Respite C-114432 North Hollywood 9,146 - - - - - - - - 9,146 CDBG Homeless Shelter 2008CDBG19 Gramercy Place - - - - - 66,262 44,447 - - 110,709 CDBG Homeless Shelter 2009CDBG15 Gramercy Place - - - - - 23,116 7,063 - - 30,179 City Funds Westside ADSC C-113588 Westside 08-09 83,925 - - - - - - 9,448 14,953 108,326

TOTAL AWARDS FROM THE CITY OF LOS ANGELES 1,263,398$ 264,627$ 66,254$ 64,610$ 177,000$ 89,378$ 87,374$ 105,791$ 563,079$ 2,681,511$

(1) Matching revenue includes in-kind contributions from donated services. In accordance with nonprofit accounting, such matching amounts are not reflected inthe financial statements of JFSLA, which are prepared in accordance with the accounting principles generally accepted in the United States of America.

(2) Basis of Accounting - The Schedule of Awards from the City of Los Angeles has been reported on the accrual basis of accounting.


SCHEDULE OF AWARDS FROM THE CITY OF LOS ANGELESYear Ended June 30, 2009

See Independent Auditors' Report on Supplemental Information

-28-

JEWISH FAMILY SERVICE OF LOS ANGELES

Documents