Audit 365330

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards 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 Yeshuos Moshe Viznitz has elected not 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 Yeshuos Moshe Viznitz 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 Requireents for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Congregation Yeshuos Moshe Viznitz, it is not intended to and does not represent the financial position, changes in net assets or cash flows of Congregation Yeshuos Moshe Viznitz.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards 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 Yeshuos Moshe Viznitz has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the schedule of expenditures of federal awards 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 of expenditures of federal awards 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 Yeshuos Moshe Viznitz has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Congregation Yeshuos Moshe Viznitz did not provide any federal awards to subrecipients.

Title: INDIRECT COST RATE Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards 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 Yeshuos Moshe Viznitz has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Congregation Yeshuos Moshe Viznitz has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Title: LOAN OUTSTANDING BALANCE Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards 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 Yeshuos Moshe Viznitz has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Congregation Yeshuos Moshe Viznitz was the recipient of a loan from the U.S. Small Business Administration’s Economic Injury Disaster Loan program. The total balance of the loan as of August 31, 2023, is $2,000,000.