Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: see notes
De Minimis Rate Used: N
Rate Explanation: see notes
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of Homeless Leadership Alliance of Pinellas, Inc. under programs of the federal government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Subpart F Title 2 U.S. Code of Federal Regulations Part 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 Homeless Leadership Alliance of Pinellas, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Homeless Leadership Alliance of Pinellas, Inc.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: see notes
De Minimis Rate Used: N
Rate Explanation: see notes
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart F Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: 3. Indirect Costs
Accounting Policies: see notes
De Minimis Rate Used: N
Rate Explanation: see notes
Homeless Leadership Alliance of Pinellas, Inc. did not to use the 10-percent de minimis
Title: 4. Contingencies
Accounting Policies: see notes
De Minimis Rate Used: N
Rate Explanation: see notes
Expenditures incurred by Homeless Leadership Alliance of Pinellas, Inc. are subject to audit and possible disallowance by the federal grantor agencies. Management believes that, if audited, any adjustment for disallowed expenses would be immaterial.
Title: 5. Related Parties
Accounting Policies: see notes
De Minimis Rate Used: N
Rate Explanation: see notes
Several entities funded under the Organization 's grant agreements have members serving on the Organization's Board of Directors. Board members requesting funding under the Organization's grant agreements do not participate in funding decisions related to their organizations.