Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule 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.
De Minimis Rate Used: Y
Rate Explanation: Bobower Yeshiva Bnei Zion has elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (“the Schedule”)
includes the federal grant activity of Bobower Yeshiva Bnei Zion under programs
of the federal government for the year ended August 31, 2023. The information in
this schedule is presented in accordance with the requirement of Title 2 U.S. Code
of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Because the schedule presents only a selected portion of the operations of
Bobower Yeshiva Bnei Zion, it is not intended to and does not present the
financial position, changes in net assets or cash flows of Bobower Yeshiva Bnei
Zion.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the schedule 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.
De Minimis Rate Used: Y
Rate Explanation: Bobower Yeshiva Bnei Zion has elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
Bobower Yeshiva Bnei Zion did not provide any federal awards to subrecipients.