Audit 300725

Title: Basis of Presentation. Accounting Policies: Basis of Presentation. The accompanying schedule of federal awards includes federal grant activity of The Nebraska Land Trust, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Nebraska Land Trust, Inc. did not receive reimbursement of any indirect costs as allowed in the Uniform Guidance, 2 CFR 200.414. The accompanying schedule of federal awards includes federal grant activity of The Nebraska Land Trust, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.

Title: Subrecipients. Accounting Policies: Basis of Presentation. The accompanying schedule of federal awards includes federal grant activity of The Nebraska Land Trust, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Nebraska Land Trust, Inc. did not receive reimbursement of any indirect costs as allowed in the Uniform Guidance, 2 CFR 200.414. The Nebraska Land Trust, Inc. had no subrecipients.

Title: Indirect Costs. Accounting Policies: Basis of Presentation. The accompanying schedule of federal awards includes federal grant activity of The Nebraska Land Trust, Inc. and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Nebraska Land Trust, Inc. did not receive reimbursement of any indirect costs as allowed in the Uniform Guidance, 2 CFR 200.414. The Nebraska Land Trust, Inc. did not receive reimbursement of any indirect costs as allowed in the Uniform Guidance, 2 CFR 200.414.