FAC Explorer

Audit 36978

FY End
2022-06-30
Total Expended
$3.79M
Findings
0
Programs
6
Organization: Yeshiva Mesivta Arugath Habosem (NY)
Year: 2022 Accepted: 2023-06-28
Auditor: Hirsch Dinter & CO

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
59.008 Disaster Assistance Loans $2.00M - 0
10.559 Summer Food Service Program for Children $520,634 Yes 0
10.553 School Breakfast Program $359,787 Yes 0
10.558 Child and Adult Care Food Program $338,037 - 0
10.555 National School Lunch Program $12,639 Yes 0
10.649 Pandemic Ebt Administrative Costs $628 Yes 0

Contacts

Name Title Type
FRQGNSAAEU97 Joseph Doppelt Auditee
9178224961 Perry Dinter Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. Yeshiva Mesivta Arugath Habosem was approved on July 10, 2020, by the Small Business Administration, to receive a disaster Assistance Loan totaling $150,000. The loan was amended on February 14, 2022 to $500,000 and on March 5, 2022 amended to 2,000,000. The balance outstanding on the loan as of June 30, 2022 was $2,000,000. As of June 30, 2022, all loan proceeds were expended.