Notes to SEFA
Title: Note C
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the North Tampa Housing Development Corporation 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the 10-percent de minimis indirect cost rate.
During the year ended March 31, 2023, the Organization had no sub-recipients.
Title: Note D
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the North Tampa Housing Development Corporation 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the 10-percent de minimis indirect cost rate.
The Organization did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended March 31, 2023.