Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of America Community Services, Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of Agudath Israel of America Community Services, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Community Services, Inc. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principle contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Agudath Israel of America Community Services, Inc. has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Actual administrative costs are used
The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of America Community Services, Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of Agudath Israel of America Community Services, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Community Services, Inc.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of America Community Services, Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of Agudath Israel of America Community Services, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Community Services, Inc. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principle contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Agudath Israel of America Community Services, Inc. has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Actual administrative costs are used
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principle contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Agudath Israel of America Community Services, Inc. has not elected to use the 10% de minimis indirect cost rate.
Title: PASSTHROUGH TO SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of America Community Services, Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of Agudath Israel of America Community Services, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Community Services, Inc. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principle contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Agudath Israel of America Community Services, Inc. has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Actual administrative costs are used
The Summer Food Program grant is passed through to Camp Agudah. Expenditures are recognized when passed through to recipient.