Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of St. Luke’s Health Corporation (St. Luke’s) under programs of the U.S. government for the year ended June 30, 2023.
For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between St. Luke’s and agencies and departments of the federal government and all subawards made to St. Luke’s by nonfederal organizations pursuant to federal grants, contracts, and similar agreements. The awards are classified into program categories in accordance with the provisions of the Uniform Guidance.
This Schedule is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of St. Luke’s Health Corporation (St. Luke’s) under programs of the U.S. government for the year ended June 30, 2023.
For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between St. Luke’s and agencies and departments of the federal government and all subawards made to St. Luke’s by nonfederal organizations pursuant to federal grants, contracts, and similar agreements. The awards are classified into program categories in accordance with the provisions of the Uniform Guidance.
This Schedule is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
Title: Indirect Cost Rates
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of St. Luke’s Health Corporation (St. Luke’s) under programs of the U.S. government for the year ended June 30, 2023.
For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between St. Luke’s and agencies and departments of the federal government and all subawards made to St. Luke’s by nonfederal organizations pursuant to federal grants, contracts, and similar agreements. The awards are classified into program categories in accordance with the provisions of the Uniform Guidance.
This Schedule is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
St. Luke’s has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of St. Luke’s Health Corporation (St. Luke’s) under programs of the U.S. government for the year ended June 30, 2023.
For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between St. Luke’s and agencies and departments of the federal government and all subawards made to St. Luke’s by nonfederal organizations pursuant to federal grants, contracts, and similar agreements. The awards are classified into program categories in accordance with the provisions of the Uniform Guidance.
This Schedule is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: St. Luke’s has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The program is administered by the Health Resources and Services Administration to support eligible providers during the COVID 19 pandemic and was approved for funding originally under the Coronavirus Aid, Relief and Economic Securities Act. Funds were provided to eligible providers to support healthcare related expenses or lost revenues attributable to the Coronavirus without application but rather with terms and conditions. These terms and conditions required acceptance through an online portal or the funds were to be returned. St. Luke’s accepted the terms and conditions.
The accompanying schedule of expenditures of Federal awards includes Provider Relief Funds for Period 4 defined as payments received between July 1, 2021 to December 31, 2021 and Period 5 defined as payments received between January 1, 2022 to June 30, 2022. The Tax Identification Numbers (TIN) for St. Luke’s are 430652680, 431349332, and 824314522.