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: Y
Rate Explanation: Machne Rav Tov has elected to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal award (SEFA) includes the federal
award activity of Machne Rav Tov under programs for the federal government for year ended
August 31, 2024. 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 Machne Rav Tov, 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: Y
Rate Explanation: Machne Rav Tov has 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, lunch and snack) which is a pass-through agency of the United States Department
of Agriculture. There were no payments made to subrecipients for federal awards received
during the year ended August 31, 2024.
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: Y
Rate Explanation: Machne Rav Tov has elected to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Machne Rav Tov 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: Y
Rate Explanation: Machne Rav Tov has 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 financial statements through May 29, 2025, the date these
financial statements were available to be issued. There were no material subsequent
events that required recognition or additional disclosure in these financial statements.