Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant/contract activity of
Volunteer Behavioral Health Care System (“Volunteer”) as of and for the year ended June 30, 2024, and is
presented on the accrual basis of accounting. 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). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements. Because the Schedule presents only a selected portion of the operations of Volunteer, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of Volunteer.
Volunteer receives grant/contracts direct from federal agencies and is a sub-recipient of federal
grant/contract funds passed-through agencies of the State of Tennessee. The schedule of expenditures of
federal awards includes all direct federal grant/contract expenses and the portion of federal funds
earned/expensed on grants/contracts passed-through agencies of the State of Tennessee.
"Cash Accrued July 1, 2023" represents federal grant/contract funds earned during the prior period, but not
received before the end of that period.
"Receipts" represent the actual cash received from the grantor agency during the current period.
"Disbursements" represents current period grant/contract revenues earned, recorded on the accrual basis of
accounting. Revenues from expensed based grants/contracts are recognized as allowable costs are incurred,
following applicable cost principles. Revenues from service based grants/contracts are recognized as the
service is provided.
"Cash Accrued June 30, 2024" represents the revenues earned from the grant/contract, but which were not
received from the grantor agency during the current period.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-
percent de minimus indirect cost rate allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant/contract activity of
Volunteer Behavioral Health Care System (“Volunteer”) as of and for the year ended June 30, 2024, and is
presented on the accrual basis of accounting. 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). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements. Because the Schedule presents only a selected portion of the operations of Volunteer, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of Volunteer.
Volunteer receives grant/contracts direct from federal agencies and is a sub-recipient of federal
grant/contract funds passed-through agencies of the State of Tennessee. The schedule of expenditures of
federal awards includes all direct federal grant/contract expenses and the portion of federal funds
earned/expensed on grants/contracts passed-through agencies of the State of Tennessee.
"Cash Accrued July 1, 2023" represents federal grant/contract funds earned during the prior period, but not
received before the end of that period.
"Receipts" represent the actual cash received from the grantor agency during the current period.
"Disbursements" represents current period grant/contract revenues earned, recorded on the accrual basis of
accounting. Revenues from expensed based grants/contracts are recognized as allowable costs are incurred,
following applicable cost principles. Revenues from service based grants/contracts are recognized as the
service is provided.
"Cash Accrued June 30, 2024" represents the revenues earned from the grant/contract, but which were not
received from the grantor agency during the current period.
Title: INDIRECT COST
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant/contract activity of
Volunteer Behavioral Health Care System (“Volunteer”) as of and for the year ended June 30, 2024, and is
presented on the accrual basis of accounting. 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). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements. Because the Schedule presents only a selected portion of the operations of Volunteer, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of Volunteer.
Volunteer receives grant/contracts direct from federal agencies and is a sub-recipient of federal
grant/contract funds passed-through agencies of the State of Tennessee. The schedule of expenditures of
federal awards includes all direct federal grant/contract expenses and the portion of federal funds
earned/expensed on grants/contracts passed-through agencies of the State of Tennessee.
"Cash Accrued July 1, 2023" represents federal grant/contract funds earned during the prior period, but not
received before the end of that period.
"Receipts" represent the actual cash received from the grantor agency during the current period.
"Disbursements" represents current period grant/contract revenues earned, recorded on the accrual basis of
accounting. Revenues from expensed based grants/contracts are recognized as allowable costs are incurred,
following applicable cost principles. Revenues from service based grants/contracts are recognized as the
service is provided.
"Cash Accrued June 30, 2024" represents the revenues earned from the grant/contract, but which were not
received from the grantor agency during the current period.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-
percent de minimus indirect cost rate allowed under Uniform Guidance.
Indirect cost is charged to the grants/contracts based upon amounts approved within each grant/contract
budget. The indirect cost rates range from 0% to 26.90%. The Organization has elected not to use the 10-
percent de minimus indirect cost rate allowed under Uniform Guidance.