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Seaman USD 345 waives GAAP requirement for 2025–26 financial statements and authorizes year-end transfer authority
Summary
The board adopted a resolution waiving generally accepted accounting principles for the 2025–26 fiscal year and authorized the superintendent or designee to make end-of-year transfers for FY 2024–25 as needed.
The Seaman USD 345 Board of Education adopted its annual resolution waiving the requirement to prepare financial statements under generally accepted accounting principles (GAAP) and instead authorized preparing financial statements on a cash-basis adjusted to show compliance with state cash-basis and budget laws for the year ending June 30, 2026.
In the meeting the resolution was read…
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