Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance where
in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bais Yaakov D'Chassidei Gur has not elected to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award
activity of Bais Yaakov D'Chassidei Gur under programs for the federal government for the year
ended August 31, 2023. The information in this schedule is presented in accordance with the
requirements of the 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 Bais Yaakov D'Chassidei
Gur, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Organization.
Title: PASS THROUGH AGENCY AND SUBRECIPIENTS
Accounting Policies: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance where
in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bais Yaakov D'Chassidei Gur has not elected to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The Organization participates in the NYS Department of Education Food Programs (for breakfast
and lunch programs) which is a pass-through-agency of the U.S. Department of Agriculture. There
were no payments made to subrecipients for federal awards received during the year ended
August 31, 2023.
Title: CHILD NUTRITION CLUSTER PROGRAM
Accounting Policies: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance where
in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bais Yaakov D'Chassidei Gur has not elected to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Bais Yaakov D'Chassidei Gur was approved by the State of New York's Department of Agriculture,
under the National School Lunch Act and Child Nutrition Act of 1966, to operate the Child Nutrition
Program which includes the School Breakfast Program, the National School Lunch Program and the
Summer Food Service Program for Children. The program enables the school to offer free or
reduced-priced meals to eligible students.
Title: SUBSEQUENT EVENTS
Accounting Policies: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance where
in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bais Yaakov D'Chassidei Gur has not elected to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The Organization has evaluated subsequent events and transactions for potential recognition or
disclosure in the Schedule of Expenditures of Federal Awards through February 7, 2024, the date
the Schedule of Expenditures of Federal Awards was available to be issued.