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: Mevakshai Hashem 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 Mevakshai Hashem under programs of the federal government
for the year ended August 31, 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 Mevakshai Hashem, it is not intended to and does not present
the financial position, changes in net assets or cash flows of Mevakshai Hashem.
Title: Non-Cash Assistance
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: Mevakshai Hashem has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The amount of non-cash food commodities reported on the schedule is the value of food
commodities distributed by Mevakshai Hashem and priced as prescribed by the United
States Department of Agriculture.
Title: Summary of Significant Accounting Policies
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: Mevakshai Hashem has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
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.
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: Mevakshai Hashem has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
Mevakshai Hashem did not provide any federal awards to subrecipients.
Title: Indirect Cost Rate
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: Mevakshai Hashem has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
Mevakshai Hashem has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.