Notes to SEFA
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 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, 2024, that were incurred in prior fiscal years were $6,888,334.