Title: 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Northwestern Memorial HealthCare and Subsidiaries (Northwestern Memorial) and is presented using 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Northwestern Memorial used the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Northwestern Memorial HealthCare and Subsidiaries (Northwestern Memorial) and is presented using 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements.
Title: 2. Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Northwestern Memorial HealthCare and Subsidiaries (Northwestern Memorial) and is presented using 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Northwestern Memorial used the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
Northwestern Memorial used the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
Title: 3. COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (Assistance Listing No. 93.498)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Northwestern Memorial HealthCare and Subsidiaries (Northwestern Memorial) and is presented using 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Northwestern Memorial used the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
The Schedule includes $37,546,069 received from the U.S. Department of Health and Human Services (HHS) between January 1, 2022 through June 30, 2022 under Assistance Listing No. 93.498. Of this amount, $34,681,413 represents Provider Relief Fund (PRF) payments and $2,864,656 represents American Rescue Plan (ARP) Rural Distribution payments. In accordance with guidance from HHS, these amounts are presented as Period 5 in the HHS PRF Reporting Portal. Such amounts were recognized as net assets released from donor restrictions and federal and state grants revenue in Northwestern Memorial’s consolidated financial statements in the accompanying consolidated statement of operations and changes in net assets for the years ended August 31, 2023 and 2022. Due to the PRF Reporting Portal requirements, this amount is not the total PRF and ARP received and/or recognized by Northwestern Memorial as net assets released from donor restrictions and federal and state grants revenue in Northwestern Memorial’s consolidated financial statements for the years ended August 31, 2023 and 2022. The amount presented on the Schedule of $37,546,069 for the fiscal year ended August 31, 2023, reconciles to the PRF and ARP information reported to HHS as follows: (See the Notes to the SEFA for Chart/Table)
Title: 4. COVID-19 Disaster Grants - Public Assistance (Presidentially Declared Disasters) (Assistance Listing No. 97.036)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Northwestern Memorial HealthCare and Subsidiaries (Northwestern Memorial) and is presented using 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Northwestern Memorial used the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
Expenditures for disaster grants from the U.S. Department of Homeland Security, are recorded on the Schedule when the funds are obligated by the federal agency through the approval of the Project Worksheets and eligible expenditures have been incurred, and are presented net of estimated insurance recoveries, if any. Disaster grant expenditures included in the Schedule for the year ended August 31, 2023, that were incurred in prior fiscal years were $5,837,073.