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: N
Rate Explanation: Congregation Beth Rochel of Monsey has not 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 Congregation Beth Rochel of Monsey under
programs of the federal government for the year ended June 30, 2024. 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 Congregation Beth Rochel of Monsey, it is not intended to and does
not present the financial position, changes in net assets or cash flows of
Congregation Beth Rochel of Monsey.
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: N
Rate Explanation: Congregation Beth Rochel of Monsey has not elected to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.
Congregation Beth Rochel of Monsey did not provide any federal awards to
subrecipients.