Notes to SEFA
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.
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.
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.
St. Luke’s Health System has opted to forgo the de minimis indirect cost rate allowed under the Uniform Guidance in lieu of a federally negotiated indirect rate.
Certain costs reflected in the Schedule of Expenditures of Federal Awards for the year ended September 30, 2025 may represent costs incurred in prior years that have been approved for reimbursement by the granting agency and recorded in the current year financial statements