Notes to SEFA
Basis of Presentation: The accompanying schedule of expenditures of federal and state awards includes the federal and state award activity of The Guidance Center, Inc. under programs of the federal and state government for the year ended December 31, 2025. 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) and the Kansas Department for Aging and Disability Services.
Summary of Significant Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect Cost Rate: The Guidance Center, Inc. has not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance. The Center does not have a negotiated indirect cost agreement (NICRA).