Notes to SEFA
Title: PURPOSE OF THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: 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.
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: 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.
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: Summary of Significant accounting policies
Accounting Policies: 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.
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: 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.
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.