News

More than 4,100 distinguished students recognized nationwide

Redmond, Wash. – The National Merit Scholarship Corporation (NMSC) announced this week that one additional Lake Washington School District (LWSD) student will receive a National Merit College-Sponsored Scholarship:

Kevin Zhang, Nikola Tesla STEM High School - National Merit Purdue University Scholarship 

A group of freshman from Nikola Tesla STEM High School is helping kids with Cerebral Palsy move around a little easier. As part of their end of year project, this team partnered with a program by the name of Go Baby Go

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Dozens of LWSD students earned their way to the 2021 International Career Development Conference (ICDC), which was held virtually in late April and early May. Of that group, about 30 students competed as finalists and two students placed as high as third.

LWHS Science Labs

Why is slime stretchy? How do chickens flap their wings? 

With these questions in mind, two science classes at Lake Washington High School celebrated the last week of school by setting up lab experiments. The labs also gave students a chance to use the new equipment in two of the school’s 20 new classrooms.

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    Procedure Federal Cash and Financial Management 

    File: 6101P

    The district will generally draw federal funds using the Reimbursement Payment Method below. When allowed, the Advanced Payment Method outlined below may be used.

    Reimbursement Payment Method
    For reimbursements of federal funds, the district will:

    1. Monitor the fiscal activity (payments and reimbursements) under each grant on a continuous basis, and request timely reimbursement only for expenditures that have already been disbursed and comply with all applicable award requirements.
    2. Maintain source documentation/accounting records that reconcile to the reimbursement request at a level adequate to establish that funds have not been used in violation of any applicable statutory restrictions or prohibitions.
    3. If the district transfers expenditures previously charged to a federal award, for which reimbursement has been claimed, to a non-federal fund source and such transfer results in an advance payment, the district will calculate the interest earned on the federal funds pursuant to Interest Earned section below.

    Advance Payment Method
    For advances of federal funds, the district will:

    1. Monitor the fiscal activity (drawdowns and payments) under each grant on a continuous basis and maintain source documentation/accounting records at a level adequate to establish that funds have not been used in violation of any applicable statutory restrictions or prohibitions.
    2. To the extent available, disburse funds available from program income, rebates, refunds, contract settlements, audit recoveries, and interest earned on such funds before requesting additional cash payments.
    3. Plan for cash flow in the grant project during the budget period and review project cash requirements before each drawdown.
    4. Draw down only the amount of funds necessary to meet the immediate needs of the program/project (including the proportionate share of any allowable indirect costs), and minimize the time between receiving and disbursing those funds.
    5. Pay out federal funds for expenditures that comply with all applicable grant requirements as soon as administratively feasible (a rule of thumb is no more than three business days after receiving the funds).
    6. Deposit advance payments into insured accounts whenever possible.Unless conditions listed in Code of Federal Regulations (CFR) Title 2 Part 200 Subpart D §200.305(b)(8) apply, the district will maintain advance payments in interest-bearing accounts.
    7. Remit interest earned over $500 annually – refer to Interest Earned section above.

    Interest Earned

    1. The district will retain interest earned amounts up to $500 per year for administrative expenses.
    2. Any additional interest earned on those funds will be remitted annually to the Department of Health and Human Services (HHS) Payment Management System (PMS) through an electronic medium or by check to the HHS Program Support Center. The district will refer to the federal or pass-through agency for pertinent information about the remittance.

    Adopted:
    09/01/19