Audit 294709

Accounting Policies: The accompanyhing schedule of federal awards (the schedule) includes the federal grant activity of the Town of Glocester, Rhode Island under programs of the federal government for the year ended June 30, 2023. The information in this schedule is prestented in accordance with the requirements of Title 2 U.S. Code of the Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Town of Glocester, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Town of Glocester. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of the Federal Regulations Part 200, Uniform Administrative Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance when acceptable.