Audit 22432

Accounting Policies: NOTE 1. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includesthe federal award activity of Washington County School District No. 1, Blair CommunitySchools, Blair, Nebraska, under programs of the federal government for the year endedAugust 31, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operationsof Washington County School District No. 1, Blair Community Schools, Blair, Nebraska, itis not intended to and does not present the financial position, changes in net assets, orcash flows of Washington County School District No. 1, Blair Community Schools, Blair,Nebraska.NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the cash basis of accounting.NOTE 3. SUBRECIPIENTSOf the federal expenditures presented in the Schedule, Washington County SchoolDistrict No. 1, Blair Community Schools, Blair, Nebraska, provided no federal awardsto subrecipients.NOTE 4. INDIRECT COST RATEThe District has elected not to use the 10% de minimis indirect cost rate allowed underthe Uniform Guidance.NOTE 5. FOOD DISTRIBUTIONNonmonetary assistance is reported in the Schedule at the fair market value of thecommodities received and disbursed. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.