Notes to SEFA
Title: PURPOSE OF THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported in prior years.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s Health System has opted to forgo the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) is a supplementary schedule to the consolidated financial statements of St. Luke’s Health System, Ltd. (the “Health System”) and subsidiaries and is presented for the purpose of additional analysis. Because the Schedule presents only a selected portion of the activities of the Health System, it is not intended to, and does not present either the financial position, results of operations, or cash flows of the Health System.
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 in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported in prior years.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s Health System has opted to forgo the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.
The Schedule is presented in accordance with OMB Circular Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Assistance Listing Number (ALN) numbers are presented for those programs for which numbers are available.
Title: DEPARTMENT OF HEALTH AND HUMAN SERVICES PROVIDER RELIEF FUNDS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported in prior years.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s Health System has opted to forgo the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.
The Schedule for the year ended September 30, 2023 includes grant activity related to ALN 93.498, Provider Relief Funds. The grant activity associated with this ALN for the year ended September 30, 2023, includes activity from reporting Period 4 and Period 5, for which period of availability ended December 31, 2022 and June 30, 2023, respectively, as defined and required by the Department of Health and Human Services.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported in prior years.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s Health System has opted to forgo the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported in prior years.
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 in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported in prior years.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s Health System has opted to forgo the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.
St. Luke’s Health System has opted to forgo the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.