Notes to SEFA
Title: General
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized, as applicable, following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of St. Charles Health System, Inc. (St. Charles) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200 (2 CFR 200), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of St. Charles, it is not intended to and does not present the balance sheet, changes in net assets, or cash flows of St. Charles. Financial assistance received directly from federal agencies as well as financial assistance passed through from other agencies are included in the accompanying schedule. St. Charles financial reporting entity isdescribed in note 1 to St. Charles consolidated financial statements.