Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles contained in OM B Circular A-87 Cost Principles
for State, Local, and Indian Tribal Governments (codified in 2 CFR Part 225), or the cost principles contained
in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be
allowable or may be limited as to reimbursement. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award
activity of Northeastern Local School District, Clark County, (the School District) under programs of the
federal government for the year ended June 30, 2023. The information on this Schedule is prepared in
accordance with the requirements 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 the School District, it
is not intended to and does not present the financial position or changes in net position of the School District.
Title: NOTE C-INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles contained in OM B Circular A-87 Cost Principles
for State, Local, and Indian Tribal Governments (codified in 2 CFR Part 225), or the cost principles contained
in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be
allowable or may be limited as to reimbursement. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: NOTE D - CHILD NUTRITION CLUSTER
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles contained in OM B Circular A-87 Cost Principles
for State, Local, and Indian Tribal Governments (codified in 2 CFR Part 225), or the cost principles contained
in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be
allowable or may be limited as to reimbursement. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The School District comingles cash receipts from the U.S. Department of Agriculture with similar State grants.
When reporting expenditures on this Schedule, the School District assumes it expends federal monies first.
Title: NOTE E - FOOD DONATION PROGRAM
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles contained in OM B Circular A-87 Cost Principles
for State, Local, and Indian Tribal Governments (codified in 2 CFR Part 225), or the cost principles contained
in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be
allowable or may be limited as to reimbursement. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The School District reports commodities consumed on the Schedule at the entitlement value. The School
District allocated donated food commodities to the respective program that benefitted from the use of those
donated food commodities.