Notes to SEFA
Title: NOTE 1: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of The
Guidance Center, Inc. and is presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance and Kansas. Therefore, some amounts presented in
this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of The
Guidance Center, Inc. and is presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance and Kansas. Therefore, some amounts presented in
this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements.
Title: NOTE 2: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of The
Guidance Center, Inc. and is presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance and Kansas. Therefore, some amounts presented in
this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
The Center has not elected to use the 10% de minimis cost rate, as it does not qualify.