How is the prize money broken out among the different categories?

There are 3 Classes (1A/2A, 3A/4A, & 5A/6A) and 2 Divisions (Middle School and High School) which creates 6 groups. 1st and 2nd place prizes will be awarded for each group. There will also be 2 "Best in Division" prizes awarded, one for middle school and one for high school, along with a Grand Prize which can go to either a middle school or high school student/group. 16 additional awards will be presented to the entry who best represents their career cluster! Prizes!

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1. How much prize money is being given away?
2. Can a video win multiple prizes?
3. Who receives the prize money?
4. What can the money be spent on?
5. Who provided the funding for this contest?
6. How is the prize money broken out among the different categories?
7. What documentation will the sponsoring teacher need to submit for prize money purchases?