Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal award activity of Northeast Kansas Area
Agency on Aging, Inc. (the Agency) under programs of the federal government for the year ended September 30,
2024. The Northeast Kansas Foundation for Aging Services, Inc. (the Foundation) did not operate any programs
of the federal government during the year ended September 30, 2024.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the accrual basis of
accounting, modified to include capitalized asset purchases and to exclude depreciation expense. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, or other applicable
regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the Uniform
Guidance Section 414, for reporting costs charged to federal award programs.