Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the schedule)includes the federal grant activity of Yeshivat Shaare Torah, Inc. under programsof the federal government for the year ended June 30, 2022. The information inthis schedule is presented in accordance with the requirement of Title 2 U.S. Codeof Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance).Because the schedule presents only a selected portion of the operations ofYeshivat Shaare Torah, Inc., it is not intended to and does not present thefinancial position, changes in net assets or cash flows of Yeshivat Shaare Torah,Inc.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Yeshivat Shaare Torah, Inc. did not provide any federal awards to subrecipients.