Official State of Nebraska website - Return to Nebraska.gov

Location: Finance and Organizational Services > Annual Financial Report/SD > FAQs

Annual Financial Report (School District)

Frequently Asked Questions

 

1.   What must be submitted to NDE to complete the Annual Financial Report requirement?

The Annual Financial Report spreadsheet along with the district’s narratives describing Limited English Proficiency Programs, Poverty Programs, and expenditures for ARRA Funds must be submitted to the Department of Education by November 1.

2.  How is the AFR submitted to NDE?

Upload the Annual Financial Report spreadsheet through the AFR Online System in the NDE Portal.  Submission is considered complete only when the AFR spreadsheet and narratives have been uploaded through the NDE Portal.

3.  Are there instructions to complete the AFR?

Yes, the AFR & AFR Online System Guidelines document will be available online in September, and will help you complete the Annual Financial Report and to upload the AFR.  An additional resource to use is the 2014 Users' Manual (Program Budgeting, Accounting, and Reporting System for Nebraska School Districts) (revised 07/10/2014) for assistance in coding receipts and expenditures.

4.  Where do I find the information to prepare the AFR?

The data to complete the AFR will come from the district's fiscal records.

5.  When is the AFR due?

The deadline for submitting the AFR narratives through the NDE Portal with the Nebraska Department of Education is November 1.

6.  Can I get an extension on filing the AFR?

No, the deadline is a statutory date and cannot be waived.

7.  What are the penalties for filing the AFR after the due date?

The district's State Aid and local taxes may be withheld until the filing requirement has been met.

8.  Do I need to report a county treasurer's balance on the AFR?

Yes.  The county treasurer's balance should be reported as a component of the total beginning and ending balances. 

9.  What is a 9000 non-program receipt and non-program expenditure?

These are receipts and expenditures resulting from temporary intra-agency transactions such as short term borrowing or cashing Certificates of Deposits. The 9000 account is an off-setting account. However, if the 9000 non-program receipts exceed the non-program expenditures, the difference should be recorded as a receipt to the district. If the 9000 non-program expenditures exceed the non-program receipts, the difference should be recorded as an expenditure to the district.

10.  When is the Audit due?

The deadline for filing the Audit report is November 5.

11.  Can I get an extension on filing the Audit?

No, the date is a statutory deadline and cannot be waived.

12.  What are the penalties for filing the audit after the due date?

The district's State Aid and local taxes may be withheld until the filing requirement has been met.

 
Program Contact
  • Janice Eret: (402) 471-2248 or janice.eret@nebraska.gov

Updated on 07/15/2014