Audit 346729

Title: Assistance Listing Numbers Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Vail Unified School District No. 20 under programs of the federal government for the year ended  June  30,  2024.  The  information  in  the  Schedule  is  presented  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 District, it is not intended to and does not present the financial position, changes in net position or cash flows of the District.  Expenditures  reported  on  the  Schedule  are  reported  on  the  modified  accrual  basis  of  accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance,  wherein  certain  types  of  expenditures  are  not  allowable  or  are  limited  as  to  reimbursement. Any 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. Pass‐through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis indirect cost rate. The program titles and Assistance Listing numbers were obtained from the federal or pass‐through grantor or through sam.gov. If the three‐digit Assistance Listing extension is unknown, there is a U followed by a two‐digit number in the Assistance Listing extension to identify one or more Federal award lines from that program. The first Federal program with an unknown three‐digit extension is indicated with U01 for all award lines associated with that program, the second is U02, etc.