Title: Note 1 - Basis of Presentation
Accounting Policies: Basis of Presentation: This schedule was prepared on an accrual basis. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. These grants are 100% pass-through to The Arc of Tennessee, Inc. and they assume all audit responsibility.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate: The Arc of Tennessee, Inc. allocates indirect costs using the Restricted Indirect Cost Rate (RICR) for each contract, which is calculated using the following, (General Management Costs + Fixed Costs) / Other Expenditures. The RICR applied during the year ranged from 7.40%.
This schedule was prepared on an accrual basis. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. These grants are 100% pass-through to The Arc of Tennessee, Inc. and they assume all audit responsibility.
Title: Note 2 - Indirect Cost Rate
Accounting Policies: Basis of Presentation: This schedule was prepared on an accrual basis. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. These grants are 100% pass-through to The Arc of Tennessee, Inc. and they assume all audit responsibility.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate: The Arc of Tennessee, Inc. allocates indirect costs using the Restricted Indirect Cost Rate (RICR) for each contract, which is calculated using the following, (General Management Costs + Fixed Costs) / Other Expenditures. The RICR applied during the year ranged from 7.40%.
The Arc of Tennessee, Inc. allocates indirect costs using the Restricted Indirect Cost Rate (RICR) for each contract, which is calculated using the following, (General Management Costs + Fixed Costs) / Other Expenditures. The RICR applied during the year ranged from 7.40%.
Title: Note 3 - Commingled Assistance
Accounting Policies: Basis of Presentation: This schedule was prepared on an accrual basis. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. These grants are 100% pass-through to The Arc of Tennessee, Inc. and they assume all audit responsibility.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate: The Arc of Tennessee, Inc. allocates indirect costs using the Restricted Indirect Cost Rate (RICR) for each contract, which is calculated using the following, (General Management Costs + Fixed Costs) / Other Expenditures. The RICR applied during the year ranged from 7.40%.
The Advocacy Programs to DIDD Service Recipients award is deemed commingled assistance from both the State and Federal levels of government. Based on our understanding of the funds one-half of the award is deemed State funds, with the remainder included as Federal.