Notes to SEFA
The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedules) includes the federal and state grant activity of Congregation Meoros Nosson, Inc. (the School) under programs of the federal government for the year ended August 31, 2025. The information in the Schedules are 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 Meoros Nosson Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Congregation Meoros Nosson, Inc.
Congregation Meoros Nosson, Inc. was approved by the State of New Jersey’s Department of Agriculture, under the National School Lunch Act and Child Nutrition Act of 1966, to operate the Food Nutrition Program which includes both the School Breakfast Program and the National School Lunch Program. In addition, the organization runs their supper program under the Child and Adult Care Food Program. The programs enable the School to offer free or reduced-priced meals to eligible students.
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
Management considers events and transaction that occur after the financials statement date, but before the financial statements are issued, to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. These financial statements were available to be issued on December 11, 2025 and subsequent events have been evaluated through that date.