Notes to SEFA
The accompanying schedule of expenditures of federal awards and local assistance includes the federal grant activity of the Housing Authority of the City of Tampa, Florida and is presented on the accrual basis of accounting. The information on 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”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Section 8 Housing Choice Voucher Program (“HCV”), AL No. 14.871, to be an expenditure for the purposes of this schedule. Therefore, the amount in this schedule represents the total amount received directly from HUD and not the expenditures paid by the Authority.
The accompanying schedule of expenditures of federal awards and local assistance excludes $563,521,389 of expenditures for a Performance Based Contract Administrator Agreement with HUD for the State of Florida and the U.S. Virgin Islands. There is a separately issued schedule of expenditures of federal awards in the annual audit performed in accordance with the requirements of Uniform Guidance dated December 23, 2025 for North Tampa Housing Development Corporation, a blended component unit of the Authority, in which that federal award is included. If that amount had been included in the accompanying schedule the total expenditures of federal and local awards would have been $777,952,743.
The Authority did not elect to use the 10-percent de minimis indirect cost rate.
During the year ended March 31, 2025, the Authority had no sub-recipients.
The Authority did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended March 31, 2025.