Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activities of Epiphany Housing of Tampa, Inc. (the “Organization”), HUD Project No. 067-EE063. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
The loan balances in the schedule of expenditures of federal awards reflect the maximum amount of federal awards outstanding during the year for which there are continuing compliance requirements. The Organization has the following loan balances: Assistance Listing Description Original Loan Amount Balance at October 1, 2024 Additional Loan Funding/ (Payments Made) Balance at September 30, 2025 14.157 Supportive Housing for the Elderly Capital Advance $ 4,411,300 $ 4,411,300 $ - $ 4,411,300
Expenditures incurred by the Organization are subject to audit and possible disallowance by federal agencies. Management believes that, if audited, an adjustment for disallowed expenses would be immaterial.