Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance presents the activity of all federal awards and state financial assistance of the City of St. Petersburg, Florida (the "City"). The reporting entity is defined in Note 1 to the City's basic financial statements for the year ended September 30, 2025.
Program income from the Community Development Block, HOME Investment in Affordable Housing, Neighborhood Stabilization and State Housing Initiatives Partnership grants is generated from multiple grant years, including previously closed grant years. The City has elected to show program income expenditures separately from the individual grant year expenditures listed on the Schedule of Expenditures of Federal Awards and State Financial Assistance.
The City of St. Petersburg, Florida had the following loan receivables balances outstanding at September 30, 2025. See notes to SEFSA for the table/chart.
The City incurs eligible expenditures under the Disaster Grants - Public Assistance cluster and reports the eligible expenditures during the year which they were obligated by FEMA on the SEFA. The City anticipates that all eligible expenditures will be reimbursed through FEMA, state grants, insurance proceeds, and General Fund Appropriations. The City's Schedule of Expenditure of Federal Assistance includes expenditures incurred and obligated as of September 30, 2025 with the following reconciliation between the years the expenditures incurred. See notes to SEFSA for the table/chart. Based on the Compliance Supplement (2 CFR Part 200, Appendix XI) dated April 2022 for the Department of Homeland Security, AL 97.036 - DISASTER GRANTS - PUBLIC ASSISTANCE (Presidentially Declared Disasters) OTHER INFORMATION Recording expenditures on the Schedule of Expenditures of Federal Awards (SEFA) Non-Federal entities must record expenditures on the SEFA when (1) FEMA has approved the non-Federal entity's Project Worksheet (PW), and (2) the non-Federal entity has incurred the eligible expenditures. Federal awards expended in years subsequent to the fiscal year in which the PW is approved are to be recorded on the non-Federal entity's SEFA in those subsequent years. For example, (a). If FEMA approves the PW in the non-Federal entity's fiscal year 2024 and eligible expenditures are incurred in the non-Federal entity's fiscal year 2025, the non-Federal entity records the eligible expenditures in its fiscal year 2025 SEFA. (b). if the non-Federal entity incurs eligible expenditures in its fiscal year 2024 and FEMA approves the non-Federal entity's PW in the non-Federal entity's fiscal year 2025, the non-Federal entity records the eligible expenditures in its fiscal year 2025 SEFA with a footnote that discloses the amount included on the SEFA that was incurrred in a prior year.