Notes to SEFA
The Organization provided federal awards to subrecipients during fiscal 2025 as identified in the transferred to subrecipient column in the Schedules. As a service provider, the Organization has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these sub-awards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award’s performance goals.
The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
As discussed in Note F of the financial statements, the Organization received U.S. Department of Housing and Urban Development (“HUD”) federal awards in the form of two loans from the City of St. Petersburg and Pinellas County, which related to the Safe Connections Projects A and B. The City of St. Petersburg loan was stipulated to be used towards partial demolition and reconstruction of a property, which is to be used as an individual and family counseling center to families and troubled youths who are runaways and/or at-risk of becoming homeless. The Pinellas County loan was stipulated to be used towards facility improvements, including the construction of an expansion of the facility for additional office and program delivery space. The Organization is required to utilize the property as a counseling center, as described above. The Organization was in compliance with the current requirements of the federal loan programs for the years ended June 30, 2025 and 2024. The following table shows federal loan programs as of June 30, 2025 and 2024, respectively: Program #1 - Federal Agency: HUD, Assitance Listing Number: 14.218, Program: City of St. Petersburg, Loan Balance as of July 1, 2024: $446,054, New Loans During Fiscal Year June 30, 2025: $0, Total Loan Amounts per Program #1: $446,054. Program #2 - Federal Agency: HUD, Assitance Listing Number: 14.218, Program: Pinellas County, Loan Balance as of July 1, 2024: $299,420, New Loans During Fiscal Year June 30, 2025: $0, Total Loan Amounts per Program #2: $299,420. Total Loan Balances as of July 1, 2024 (Program #1 and #2): $745,474. New Loans During Fiscal Year June 30, 2025: $0. Total Loan Amounts per Program (Program #1 and #2): $745,474.