Title: Note 1 – Basis of Accounting
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period.
Title: Note 2 – Reporting Entity
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable.
Title: Note 3 – Pass - Through Awards
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
The School 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: Note 4 – Non-cash Awards
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards.
Title: Note 5 – Contingencies
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
The School 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 noncompliance. 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 a material financial impact.
Title: Note 6 – Transferability
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A.
Title: Note 7 – Indirect Costs
Accounting Policies: Note 1 – Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Certain federal grants received by the School District are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above, expenditure balances for these grants represent the disbursement of funds received during the course of the year. This treatment results in timing differences, which are resolved over the term of the grant period. Note 2 – Reporting Entity: The School District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the School District is financially accountable. Note 3 – Pass - Through Awards: The School 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. Note 4 – Non-cash Awards: The National School Lunch Program involves both cash and non-cash awards to the School District. Such non-cash awards consist of donated commodities which are separately identified in the Schedule of Expenditures of Federal Awards. Note 5 – Contingencies: The School 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 noncompliance. 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 a material financial impact. Note 6 – Transferability: As allowed by federal regulations, the District elected to transfer program funds. The District expended $77,416 from its Title IV Part A Student Support and Academic Enrichment Grant 84.424A and $138,324 from its Title II Part A Teacher Quality Grant 84.367A on allowable activity of the Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. This amount is reflected in the expenditures of Title I Part A Improving the Academic Achievement of the Disadvantaged 84.010A. Note 7 – Indirect Costs: The School District has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee does not claim indirect costs.
The School District has not elected to use the 10% de minimis cost rate.