Annually, an independent external auditor reviews the St. Petersburg Housing Authority’s (SPHA) financial statements and compliance efforts to ensure that the agency is operating in adherence with city, state, and federal regulations. Conducted by Berman Hopkins Wright & LaHam CPAs and Associates, LLC, the audit for fiscal year 2015 resulted in no findings and an unmodified opinion. This marks the ninth consecutive year that SPHA’s annual audit has concluded with the best outcome possible.
Commissioner Harry Harvey, the Chair of SPHA’s Finance Committee, said, “Both our board and our staff work diligently to ensure that we are good stewards of taxpayer dollars. We take great pride in our clean and transparent operations, and we are also proud to be a leading example of fiscal responsibility in the housing industry.”
SPHA Board Chairperson Delphinia Davis said, “As a public agency and a U.S. Department of Housing and Urban Development‐rated ‘High Performer,’ we have a tradition of excellence at SPHA. This ‘clean’ unmodified audit opinion from the independent CPAs is proof of that. SPHA staff members take their required adherence to high standards very seriously, and I am very proud of their continued achievements.”
SPHA’s income is derived from tenant rents, federal subsidies, grants, investments, and inter-agency contracts. As an independent quasi-governmental entity, SPHA does not receive operating income from the City of St. Petersburg, Pinellas County, or the State of Florida. Since 1937, SPHA has developed and overseen affordable housing programs within its jurisdiction of the City of St. Petersburg and a 10-mile radius of the city.