Title: NOTE A--BASIS OF PRESENTATION
Accounting Policies: Note A: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state and other financial assistance include the grant activity of Ballad Health (Ballad), as discussed in Note A to the consolidated financial statements, and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Tennessee Comptroller of the Treasury, respectively. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Note B: De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note C: Ballad's federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect Ballad's continued participation in specifc programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although Ballad expects such amounts, if any to be immaterial.
De Minimis Rate Used: Y
Rate Explanation: Note B: De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards and schedule of expenditures of state and other financial assistance include the grant activity of Ballad Health (Ballad), as discussed in Note A to the consolidated financial statements, and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Tennessee Comptroller of the Treasury, respectively. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Title: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Note A: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state and other financial assistance include the grant activity of Ballad Health (Ballad), as discussed in Note A to the consolidated financial statements, and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Tennessee Comptroller of the Treasury, respectively. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Note B: De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note C: Ballad's federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect Ballad's continued participation in specifc programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although Ballad expects such amounts, if any to be immaterial.
De Minimis Rate Used: Y
Rate Explanation: Note B: De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE C--CONTINGENCIES
Accounting Policies: Note A: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state and other financial assistance include the grant activity of Ballad Health (Ballad), as discussed in Note A to the consolidated financial statements, and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Tennessee Comptroller of the Treasury, respectively. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Note B: De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note C: Ballad's federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect Ballad's continued participation in specifc programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although Ballad expects such amounts, if any to be immaterial.
De Minimis Rate Used: Y
Rate Explanation: Note B: De Minimis Indirect Cost Rate: Ballad has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Ballad's federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect Ballad's continued participation in specific programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannt be determined at this time, although Ballad expects such amounts, if any, to be immaterial.