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.
Reconciliation of receipts and expenditures to Congregation Bais Malka Inc.:
Federal Grants Received per SEFA $ 1,407,286
Non-Cash Assistance Received per SEFA 58,979
Total Received Per SEFA 1,466,265
State Grants Received included in Financial Statement 27,097
Total Received Per Financial Statement at June 30, 2023 $ 1,493,362
De Minimis Rate Used: Y
Rate Explanation: Congregation Bais Malka Inc. has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Congregation Bais Malka Inc. under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is
presented in accordance with the requirements 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 Congregation Bais Malka Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
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.
Reconciliation of receipts and expenditures to Congregation Bais Malka Inc.:
Federal Grants Received per SEFA $ 1,407,286
Non-Cash Assistance Received per SEFA 58,979
Total Received Per SEFA 1,466,265
State Grants Received included in Financial Statement 27,097
Total Received Per Financial Statement at June 30, 2023 $ 1,493,362
De Minimis Rate Used: Y
Rate Explanation: Congregation Bais Malka Inc. has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Congregation Bais Malka 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: 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.
Reconciliation of receipts and expenditures to Congregation Bais Malka Inc.:
Federal Grants Received per SEFA $ 1,407,286
Non-Cash Assistance Received per SEFA 58,979
Total Received Per SEFA 1,466,265
State Grants Received included in Financial Statement 27,097
Total Received Per Financial Statement at June 30, 2023 $ 1,493,362
De Minimis Rate Used: Y
Rate Explanation: Congregation Bais Malka Inc. has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization participates in the New York State Department of Education Food Programs for breakfast, lunch, snack and Fresh Fruit and Vegetable (FFVP) programs, which is the “pass-through agency” of the United States Department of Agriculture. The Organization also participates in the New York State Division of Homeland Security and Emergency Services Nonprofit Security Grant Program, which is a pass-through agency of the United States Department of Homeland Security. There were no payments made to subrecipients for federal awards received during the year ended June 30, 2023.
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.
Reconciliation of receipts and expenditures to Congregation Bais Malka Inc.:
Federal Grants Received per SEFA $ 1,407,286
Non-Cash Assistance Received per SEFA 58,979
Total Received Per SEFA 1,466,265
State Grants Received included in Financial Statement 27,097
Total Received Per Financial Statement at June 30, 2023 $ 1,493,362
De Minimis Rate Used: Y
Rate Explanation: Congregation Bais Malka Inc. has elected to use the 10% de minimis indirect cost rate as 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 March 26, 2024, the date the Schedule of Expenditures of Federal Awards was available to be issued.