Title: Reporting Entity
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards has been prepared on a cash basis ofaccounting with the exception of commodities received under the food distribution of $336,189 Underthis method, expenditures are recognized when disbursements are made. Some programs are fundedjointly by District appropriations and federal funds.Expenditure PresentationExpenditures of Federal funds for the National School Lunch Program, Medicaid in Public Schools andFood Distribution are not separately identifiable in the accounting records of the District. Theseprograms are jointly funded with District monies and expenditures and are not required to beaccumulated in the accounting records by funding source. For report purposes, the amount of Federalexpenditures is shown equal to the amount of Federal funds received.Program ActivityVarious reimbursement procedures are used for Federal awards received by the District. Additionally,most Federal grant periods end June 30, while the District's year-end is August 31. Consequently, timingdifferences between expenditures and program reimbursement can exist at the beginning and end of theyear. These timing differences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the District is financially accountable.
Title: Pass-Through Awards
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards has been prepared on a cash basis ofaccounting with the exception of commodities received under the food distribution of $336,189 Underthis method, expenditures are recognized when disbursements are made. Some programs are fundedjointly by District appropriations and federal funds.Expenditure PresentationExpenditures of Federal funds for the National School Lunch Program, Medicaid in Public Schools andFood Distribution are not separately identifiable in the accounting records of the District. Theseprograms are jointly funded with District monies and expenditures and are not required to beaccumulated in the accounting records by funding source. For report purposes, the amount of Federalexpenditures is shown equal to the amount of Federal funds received.Program ActivityVarious reimbursement procedures are used for Federal awards received by the District. Additionally,most Federal grant periods end June 30, while the District's year-end is August 31. Consequently, timingdifferences between expenditures and program reimbursement can exist at the beginning and end of theyear. These timing differences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District receives certain federal awards in the form of pass-through awards from the State of Nebraska and other various agencies. Such amounts received as pass-through awards are specifically identified on the Schedule of Expenditures of Federal Awards.
Title: Non-cash Awards
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards has been prepared on a cash basis ofaccounting with the exception of commodities received under the food distribution of $336,189 Underthis method, expenditures are recognized when disbursements are made. Some programs are fundedjointly by District appropriations and federal funds.Expenditure PresentationExpenditures of Federal funds for the National School Lunch Program, Medicaid in Public Schools andFood Distribution are not separately identifiable in the accounting records of the District. Theseprograms are jointly funded with District monies and expenditures and are not required to beaccumulated in the accounting records by funding source. For report purposes, the amount of Federalexpenditures is shown equal to the amount of Federal funds received.Program ActivityVarious reimbursement procedures are used for Federal awards received by the District. Additionally,most Federal grant periods end June 30, while the District's year-end is August 31. Consequently, timingdifferences between expenditures and program reimbursement can exist at the beginning and end of theyear. These timing differences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The National School Nutrition Program involves both cash and non-cash awards to the District. Such non-cash awards consist of donated commodities, which are separately identified in the Schedule of Expenditures of Federal Awards. Donated commodity expenditures are determined on a first-in, first-out basis.
Title: Contingencies
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards has been prepared on a cash basis ofaccounting with the exception of commodities received under the food distribution of $336,189 Underthis method, expenditures are recognized when disbursements are made. Some programs are fundedjointly by District appropriations and federal funds.Expenditure PresentationExpenditures of Federal funds for the National School Lunch Program, Medicaid in Public Schools andFood Distribution are not separately identifiable in the accounting records of the District. Theseprograms are jointly funded with District monies and expenditures and are not required to beaccumulated in the accounting records by funding source. For report purposes, the amount of Federalexpenditures is shown equal to the amount of Federal funds received.Program ActivityVarious reimbursement procedures are used for Federal awards received by the District. Additionally,most Federal grant periods end June 30, while the District's year-end is August 31. Consequently, timingdifferences between expenditures and program reimbursement can exist at the beginning and end of theyear. These timing differences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District receives funds under various federal grant programs and such assistance is to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies, which may impose sanctions in the event of non-compliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustments, if any, relating to such audits would not have any material financial impact.