Notes to SEFA
Title: Subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization provided federal awards to subrecipients during fiscal 2022 as identified in the transferred to subrecipient column in the Schedule.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 awards performance goals.
Title: Federal Loan Programs
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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, 2022 and 2021. The following table shows federal loan programs as of July 31, 2022 and 2021, respectively:Federal Agency: HUD ALN: 14.218 Program: City of St. Petersburg Balance 7/1/21: $446,054 New Loans in Fiscal Year 6/30/22: $- Total Loans at 6/30/22 $446,054Federal Agency: HUD ALN: 14.218 Program: Pinellas County Balance 7/1/21: $299,420 New Loans in Fiscal Year 6/30/22: $ - Total Loans at 6/30/22 $299,420