Notes to SEFA
Accounting Policies: 1. We have audited the financial statements of Richland Grade School District 88A as of and for the year ended June 30, 2023. The District’s policy is to prepare its financial statements on the cash basis, which is a comprehensive basis of accounting other than generally accepted accounting principles. The auditor’s report expresses an adverse opinion on the financial statements prepared in accordance with a comprehensive basis of accounting other than generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The District has elected to use the 10 percent de minimis indirect cost rate as allowed under the uniform guidance