Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
The accompanying schedule of expenditures of federal awards (the Schedule")
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
includes the federal award activity for School District No. 40 under programs of the
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
federal government for the year ended June 30, 2023. The information in this
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
Schedule is presented in accordance with the requirements of Title 2 U.S. Code
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
Because the Schedule presents only a selected portion of the operations of School
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
District No. 40, it is not intended to and does not present the financial position,
Title: Note 1. Basis of Presentation
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
changes in net assets. or cash flows of School District No, 40.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
Expenditures reported on the Schedule are reported on the modified accrual basis
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
of accounting. Such expenditures are recognized following the cost principles
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
contained in the Uniform Guidance, wherein certain types of expenditures are not
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
allowable or are limited as to reimbursement. Negative amounts shown on the
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
Schedule represent adjustments or credits made in the normal course of business
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
to amounts reported as expenditures in prior years.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Modified Accrual
De Minimis Rate Used: N
Rate Explanation: The District received a rate form The State of Montana
School District No. 40 has an approved rate of 5.66%.