NAUSET REGIONAL SCHOOL DISTRICT FINANCIAL REPORT PURSUANT TO OMB CIRCULAR A-133 FOR THE YEAR ENDED JUNE 30, 2014

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1 FINANCIAL REPORT PURSUANT TO OMB CIRCULAR A-133 FOR THE YEAR ENDED JUNE 30, 2014

2 FINANCIAL REPORT PURSUANT TO OMB CIRCULAR A-133 FOR THE YEAR ENDED JUNE 30, 2014 INDEX Page Independent Auditor s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 1-2 Independent Auditor s Report on Compliance for Each Major Program and on Internal Control over Compliance in Accordance with OMB Circular A Schedule of Expenditures of Federal Awards 5 Notes to Schedule of Expenditures of Federal Awards 6 Schedule of Findings and Questioned Costs 7

7 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30, 2014 Federal Pass- CFDA Through Federal Federal Grantor/Pass-through Grantor Program or Title Number Number Expenditures U.S. Department of Agriculture Passed through the Commonwealth of Massachusetts Non-cash assistance - food commodities $ 30,000 Child Nutrition Cluster , , ,223 Total U.S. Department of Agriculture 128,223 U.S. Department of Education Direct Rural education achievement program A Not Applicable 11,234 Passed through the Commonwealth of Massachusetts Title I, Part A (ESEA) Cluster: Title I (ESEA) - Educationally deprived children FY ,518 Title I (ESEA) - Educationally deprived children FY ,066 Total of Title I, Part A ESEA Cluster 698,584 Special Education Cluster (IDEA): Special Education (IDEA, Part B) Region FY O 477,678 Special Education (IDEA, Part B) Region FY N 139,411 Special Education (IDEA, Part B) Improvement program FY O 8,350 Special Education (IDEA, Part B) Improvement program FY N 1,489 CFDA# subtotal 626,928 Special Education (IDEA Preschool) FY EEC26213NAUSETRSD 41,630 Special Education (IDEA Preschool) FY EEC26214NAUSETRSD 3,069 Special Education (IDEA Preschool) Carryover VC Special Education (IDEA Preschool) Improvement program FY O 6,307 Special Education (IDEA Preschool) Improvement program FY N 1,433 CFDA# subtotal 52,515 Total of Special Education (IDEA) Cluster 679,443 Teacher quality FY ,794 Teacher quality FY ,191 CFDA# subtotal 71,985 ARRA Race to the Top FY ,183 ARRA Race to the Top FY ,509 Total U.S. Department of Education 1,489,938 28,692 Total $ 1,618,161 The accompanying notes to the Schedule of Expenditures of Federal Awards are an integral part of this schedule. 5

8 NOTES TO SCHEDULE OF EXPENDITURES AND FEDERAL AWARDS FOR THE YEAR ENDED 30, Scope of Audit The Nauset Regional School District (District) is a governmental agency established by the laws of the Commonwealth of Massachusetts. All operations related to the District's Federal Grant Programs are included in the scope of the OMB Circular A-133 Audit Requirements for audits of state, local governments, and non-profit organizations (the single audit). The U.S. Department of Education has been designated as the District's oversight agency for the single audit. 2. Period Audited Single audit testing procedures were performed for the District's federal grant transactions during the year ended June 30, Summary of Significant Accounting Policies Accounting policies and financial reporting practices permitted for municipalities in Massachusetts are prescribed by the Uniform Municipal Accounting System (UMAS) promulgated by the Commonwealth of Massachusetts Department of Revenue. The significant accounting policies followed by the District are as follows: (a) Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant transactions of the District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. (b) Non-cash assistance food commodities Non-monetary assistance of food commodities under the U.S. Department of Agriculture s Child Nutrition cluster are received under a state distribution formula and are valued at federally published wholesale prices for purposes of this schedule. Such commodities are not recorded in the financial records although memorandum records are maintained. 6

9 A. SUMMARY OF AUDIT RESULTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED JUNE 30, The auditor s report expresses an unmodified opinion on the financial statements of the Nauset Regional School District. 2. No significant deficiencies or material weaknesses relating to the audit of the financial statements are reported in the Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards. 3. No instances of noncompliance material to the financial statements of the Nauset Regional School District, which would be required to be reported in accordance with Government Auditing Standards, were disclosed during the audit. 4. No deficiencies in internal control over major federal award programs were reported in the Independent Auditor's Report on Compliance For Each Major Program and on Internal Control Over Compliance Required By OMB Circular A The auditor s report on compliance for the Nauset Regional School District s major programs expresses unmodified opinions. 6. There were no findings required to be reported in accordance with Section 510 (a) of OMB Circular A The programs tested as a major program were the following: U.S. Department of Education Special Education cluster (CFDA#84.027) Preschool Grants (CFDA # ) 8. The threshold for distinguishing Types A and B programs was $300, The Nauset Regional School District qualified as a low-risk auditee. B. FINDINGS - FINANCIAL STATEMENTS AUDIT There are no findings to report relating to the financial statement audit for the current year. C. FINDINGS - MAJOR FEDERAL AWARD PROGRAMS There are no findings to report relating to major federal award programs in the current year. D. FINDINGS PRIOR YEAR AUDIT There were no findings reported relating to major federal award programs in the prior year. 7

BOARD OF EDUCATION OF CARROLL COUNTY, MARYLAND Carroll County, Maryland. REPORT ON SINGLE AUDIT June 30, 2008

BOARD OF EDUCATION OF CARROLL COUNTY, MARYLAND Carroll County, Maryland REPORT ON SINGLE AUDIT June 30, 2008 TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR S REPORTS Independent Auditor s Report on Internal