Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the "Schedule") includes the federal and state award activity of Homeless Leadership Alliance of Pinellas, Inc. under programs of the federal government and State of Florida for the year ended September 30, 2025. 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 (the Uniform Guidance) and Chapter 10.650 Rules of the Auditor General. 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. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Homeless Leadership Alliance of Pinellas, Inc. did not elect to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures incurred by Homeless Leadership Alliance of Pinellas, Inc. are subject to audit and possible disallowance by the federal government or State of Florida. Management believes that, if audited, any adjustment for disallowed expenses would be immaterial.
Two organizations funded under cost-reimbursement contracts with HLA have members serving on the Board of Directors for the CoC. The CoC approves funding decisions related to the local application for the federal Notice of Funding Opportunity (NOFO) competition and the state homelessness grants that the HLA manages per the MOU between the HLA and CoC. There is a conflict-of-interest policy for these decisions based on 24 CFR 578.