Audit 56359

Title: Loan/loan guarantee outstanding balances Accounting Policies: activities of Society of St. Vincent de Paul South Pinellas, Inc. (the Organization). Theinformation in the schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because theschedule presents only a selected portion of the operations of the Organization, it is notintended to and does not present the statements of financial position, activities, functionalexpenses or cash flows of the Organization.Some amounts presented in the schedule may differ from amounts presented or used in thepreparation of the consolidated financial statements.Expenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Organization did elect to use the 10-percent de minimis indirect cost rate as allowedunder the Uniform Guidance on certain grants. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 30000.