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
where in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Congregation Masores Hachinuch, Inc. DBA Bas Mikroh 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 Masores Hachinuch, Inc. DBA Bas Mikroh under
programs of the federal government for the year ended August 31, 2024. 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 Masores Hachinuch, Inc. DBA Bas
Mikroh, it is not intended to and does not present the financial position, changes in net assets,
or cash flows of Congregation Masores Hachinuch, Inc. DBA Bas Mikroh.
Title: PASS THROUGH AGENCY AND 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
where in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Congregation Masores Hachinuch, Inc. DBA Bas Mikroh has elected to use the 10% de
minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization participates in food service programs (breakfast, lunch, and snack)
administered by the New York State Department of Education, and in security programs
administered by the New York State Division of Homeland Security and Emergency Services.
These state agencies serve as pass-through entities for federal funding from the U.S.
Department of Agriculture and the U.S. Department of Homeland Security, respectively.
There were no payments made to subrecipients for federal award received during the year
ended August 31, 2024.
Title: CHILD NUTRITION CLUSTER PROGRAM
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
where in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Congregation Masores Hachinuch, Inc. DBA Bas Mikroh has elected to use the 10% de
minimis indirect cost rate as allowed under the Uniform Guidance.
Congregation Masores Hachinuch, Inc. DBA Bas Mikroh was approved by the State of New
York’s Department of Agriculture, under the National School Lunch Act and the Child
Nutrition Act of 1966, to operate the Child Nutrition Program, which includes the School
Breakfast Program, and the National School Lunch Program. The programs enable the school
to offer free or reduced-priced meals to eligible students.
Title: SUBSEQUENT EVENTS
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
where in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Congregation Masores Hachinuch, Inc. DBA Bas Mikroh 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 financial statements through May 29, 2025, the date the
financial statements were available to be issued. There were no material subsequent events
that required recognition or additional disclosure in these financial statements.