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 Rachmistrivka, Inc. (the School) under programs of the federal and State government for the year ended August 31, 2025. The information in these schedules 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 Schedules present only a selected portion of the operations of Congregation Rachmistrivka, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Congregation Rachmistrivka, Inc.
Congregation Rachmistrivka, 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 the School Breakfast Program, National School Lunch Program, and the Summer Food Service Program. These 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 June 11, 2026 and subsequent events have been evaluated through that date.