Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Expenditures reported on the schedule 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 allowed or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Congregation YMH has not elected to use the 10-percent de minimus 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 YMH under programs of the federal government
for the year of September 1, 2021, through August 31, 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
Requirements for Federal Awards (Uniform Guidance). Because the schedule presents
only a selected portion of the operations of Congregation YMH, it is not
intended to and does not present the financial position, changes in net assets or cash flows
of Congregation YMH.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule 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 allowed or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Congregation YMH has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the schedule 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: Note 3 - Subrecipients
Accounting Policies: Expenditures reported on the schedule 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 allowed or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Congregation YMH has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Congregation YMH did not provide any federal awards to subrecipients.
Title: Note 4 - Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule 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 allowed or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Congregation YMH has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Congregation YMH has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.