Title: Reporting Entity
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awardshas been prepared on a cash basis of accounting with the exception of commoditiesreceived under the food distribution of $452,199. Under this method, expenditures arerecognized when disbursements are made. Some programs are funded jointly by Districtappropriations and federal funds.The information in this Schedule is presented in accordance with the requirements forTitle 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).Expenditure Presentation Expenditures of federal awards for the Impact Aid, MedicalAssistance Programs, ROTC, the National School Lunch Program, the Summer FoodService Program and Food Distribution are not separately identifiable in the accountingrecords of the District. These programs are jointly funded with District monies andexpenditures and are not required to be accumulated in the accounting records by fundingsource. For report purposes, the amount of federal expenditures is shown equal to theamount of federal funds received for the above mentioned awards.Program Activity Various reimbursement procedures are used for Federal awardsreceived by the District. Additionally, most Federal grant periods end June 30, while theDistrict's year-end is August 31. Consequently, timing differences between expendituresand program reimbursement can exist at the beginning and end of the year. These timingdifferences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the District is financially accountable.
Title: Pass-Through Awards
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awardshas been prepared on a cash basis of accounting with the exception of commoditiesreceived under the food distribution of $452,199. Under this method, expenditures arerecognized when disbursements are made. Some programs are funded jointly by Districtappropriations and federal funds.The information in this Schedule is presented in accordance with the requirements forTitle 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).Expenditure Presentation Expenditures of federal awards for the Impact Aid, MedicalAssistance Programs, ROTC, the National School Lunch Program, the Summer FoodService Program and Food Distribution are not separately identifiable in the accountingrecords of the District. These programs are jointly funded with District monies andexpenditures and are not required to be accumulated in the accounting records by fundingsource. For report purposes, the amount of federal expenditures is shown equal to theamount of federal funds received for the above mentioned awards.Program Activity Various reimbursement procedures are used for Federal awardsreceived by the District. Additionally, most Federal grant periods end June 30, while theDistrict's year-end is August 31. Consequently, timing differences between expendituresand program reimbursement can exist at the beginning and end of the year. These timingdifferences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District receives certain federal awards in the form of pass-through awards from theState of Nebraska and other various agencies. Such amounts received as pass-throughawards are specifically identified on the Schedule of Expenditures of Federal Awards.
Title: Non-Cash Awards
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awardshas been prepared on a cash basis of accounting with the exception of commoditiesreceived under the food distribution of $452,199. Under this method, expenditures arerecognized when disbursements are made. Some programs are funded jointly by Districtappropriations and federal funds.The information in this Schedule is presented in accordance with the requirements forTitle 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).Expenditure Presentation Expenditures of federal awards for the Impact Aid, MedicalAssistance Programs, ROTC, the National School Lunch Program, the Summer FoodService Program and Food Distribution are not separately identifiable in the accountingrecords of the District. These programs are jointly funded with District monies andexpenditures and are not required to be accumulated in the accounting records by fundingsource. For report purposes, the amount of federal expenditures is shown equal to theamount of federal funds received for the above mentioned awards.Program Activity Various reimbursement procedures are used for Federal awardsreceived by the District. Additionally, most Federal grant periods end June 30, while theDistrict's year-end is August 31. Consequently, timing differences between expendituresand program reimbursement can exist at the beginning and end of the year. These timingdifferences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The National School Lunch Program involves both cash and non-cash awards to theDistrict. Such non-cash awards consist of donated commodities which are separatelyidentified in the Schedule of Expenditures of Federal Awards. Donated commodityexpenditures are determined on a first-in, first-out basis.
Title: Contingencies
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awardshas been prepared on a cash basis of accounting with the exception of commoditiesreceived under the food distribution of $452,199. Under this method, expenditures arerecognized when disbursements are made. Some programs are funded jointly by Districtappropriations and federal funds.The information in this Schedule is presented in accordance with the requirements forTitle 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).Expenditure Presentation Expenditures of federal awards for the Impact Aid, MedicalAssistance Programs, ROTC, the National School Lunch Program, the Summer FoodService Program and Food Distribution are not separately identifiable in the accountingrecords of the District. These programs are jointly funded with District monies andexpenditures and are not required to be accumulated in the accounting records by fundingsource. For report purposes, the amount of federal expenditures is shown equal to theamount of federal funds received for the above mentioned awards.Program Activity Various reimbursement procedures are used for Federal awardsreceived by the District. Additionally, most Federal grant periods end June 30, while theDistrict's year-end is August 31. Consequently, timing differences between expendituresand program reimbursement can exist at the beginning and end of the year. These timingdifferences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District receives funds under various federal grant programs and such assistance is tobe expended in accordance with the provisions of the various grants. Compliance withthe grants is subject to audit by various government agencies, which may imposesanctions in the event of non-compliance. Management believes that they have compliedwith all aspects of the various grant provisions and the results of adjustments, if any,relating to such audits would not have any material financial impact.
Title: De Minimis Cost Rate
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awardshas been prepared on a cash basis of accounting with the exception of commoditiesreceived under the food distribution of $452,199. Under this method, expenditures arerecognized when disbursements are made. Some programs are funded jointly by Districtappropriations and federal funds.The information in this Schedule is presented in accordance with the requirements forTitle 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).Expenditure Presentation Expenditures of federal awards for the Impact Aid, MedicalAssistance Programs, ROTC, the National School Lunch Program, the Summer FoodService Program and Food Distribution are not separately identifiable in the accountingrecords of the District. These programs are jointly funded with District monies andexpenditures and are not required to be accumulated in the accounting records by fundingsource. For report purposes, the amount of federal expenditures is shown equal to theamount of federal funds received for the above mentioned awards.Program Activity Various reimbursement procedures are used for Federal awardsreceived by the District. Additionally, most Federal grant periods end June 30, while theDistrict's year-end is August 31. Consequently, timing differences between expendituresand program reimbursement can exist at the beginning and end of the year. These timingdifferences will be resolved over the term of the grants.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District has not elected to use the 10% de minimis cost rate as covered in theUniform Guidance indirect costs section.