Title: Basis of presentation
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule")
includes the federal award activity of Ridgeview Psychiatric Hospital and Center, Inc.
under programs of the federal government for the year ended
June 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). Because the Schedule
presents only a selected portion of the operations of Ridgeview Psychiatric Hospital and Center,
Inc., it is not intended to and does not present the financial position, changes in net assets, or
cash flows of Ridgeview Psychiatric Hospital and Center, Inc.
Title: Summary of significant accounting policies for federal and state expenditures
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
Title: Type A program
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
The expenditure threshold for classification as a Type A program is $750,000.
Title: Indirect cost rate
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
Title: Passed through to subrecipients
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
There were awards totaling $25,000 passed through to subrecipients as noted in the Schedule.
Title: Non-Cash assistance
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ridgeview Psychiatric Hospital and Center, Inc. has elected not to use the 10% de minimis indirect
cost rate allowed under the Uniform Guidance.
Ridgeview Psychiatric Hospital and Center, Inc. did not receive or expend any federal
awards during fiscal year 2024 in the form of non-cash assistance.