Notes to SEFA
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: The auditee did not use the de minimis cost rate.
DISASTER ASSISTANCE LOANS (59.008) - Balances outstanding at the end of the audit period were 2000000.
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: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the schedule) includes the combined federal grant activity of Congregation Darkei Tshivo of Dinov and Affiliates under programs of the federal government for the year ended September 30, 2022. 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 Darkei Tshivo of Dinov and Affiliates, it is not intended to and does not represent the combined financial position, changes in net assets or cash flows of Congregation Darkei Tshivo of Dinov and Affiliates.
Title: NON-CASH ASSISTANCE
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: The auditee did not use the de minimis cost rate.
The amount of food commodities reported on the schedule of federal expenditures is the value of food commodities distributed by Congregation Darkei Tshivo of Dinov and Affiliates and priced as prescribed by the United States Department of Agriculture.
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: The auditee did not use the de minimis cost rate.
Congregation Darkei Tshivo of Dinov and Affiliates did not provide any federal awards to subrecipients for the period of October 1, 2021 through September 30, 2022