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, 2024.
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, 2024.
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, 2024.
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: Disaster Grants – Public Assistance (Presidentially Declared Disasters) (Assistance Listing No. 97.036)
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, 2024.
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.
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. Disaster grant expenditures included in the Schedule for the year ended June 30, 2024, that were incurred in prior fiscal years were $6,538,051.