This session targets the financial responsibilities associated with the Family Self-Sufficiency (FSS) Program. Topics to be covered include: Eligible uses of FSS funds (FSS Coordinator grant & FSS escrow forfeitures) Accounting for FSS coordinator grants, escrow account balances, and FSS forfeitures New financial reporting requirements for the Financial Data Schedule (FDS) related to the FSS Final Rule …

(New) Financial Reporting for the FSS Program* Read More »

This session provides information on the Capital Fund formula and eligible uses of Capital Funds.  The following topics will be discussed: Overview of formula used by HUD to determine funding for the Capital Fund and PHA procedures to ensure proper funding Capital fund five-year planning and annual submission requirements Obligation and expenditure requirements, budget line …

Capital Fund Program Read More »

PHAs are required to submit their Capital Fund Program 5-Year Action Plans and budgets to HUD’s Energy and Performance Information Center (EPIC) system and to report on the planned activities funded from Capital Fund grants.  This session will walk the PHA through the EPIC reporting requirements.  Topics to be covered include: Submission of the ACC …

(New) EPIC Reporting Requirements Read More »

This session provides an overview of the SEMAP process and a drill down of the SEMAP indicators.  The session will cover the following topics: SEMAP indicators calculated by HUD – Data sources and indicator calculation methodology SEMAP indicators based on PHA self-assessment – Quality control sample methodology and tracking systems How to submit SEMAP certification …

SEMAP Indicators & Certification Review Read More »

PHAs that administer the Public Housing and Housing Choice Voucher program must be familiar with several HUD systems.  This session provides information on the purpose of the following systems, PHA responsibilities, and the general reporting deadlines. Inventory Management System PIH Information Center (IMS/PIC) Modules Enterprise Income Verification (EIV) Operating Fund Portal – PH Operating Fund* …

(ED 101) HUD Reporting Systems* Read More »

Board meetings are an essential part of PHA operations and each state has an approved Open Meetings Act (OMA) that agencies are required to follow.  This session discusses the Board’s role and how to prepare for and conduct a Board meeting.  The following topics will be covered in this session: Items to include in PHA …

(ED 101) Board Meetings & Open Meetings Act (OMA)* Read More »

This session will discuss year end reporting for the public housing program, focusing on financial data schedule (FDS) reporting. The following topics will be covered in this session: The reporting models allowed by HUD Proper accounting for the Operating Fund and Capital Fund programs for financial data schedule (FDS) reporting Accounting for special issues such …

Public Housing Year-End Reporting Read More »

This session provides an overview of the basic terminology used in discussing financial statements and covers the following topics: Financial reporting framework used by PHAs to account during the year (i.e., cash vs. GAAP-based transactions) Monthly financial statements provided by fee accountant or finance and how these financial statements differ from year-end financial statements Types …

(ED 101) Understanding Financial Statements* Read More »

This session will discuss the purpose and use of VMS for HCV funding. The following topics will be covered: How to access VMS Description of VMS data fields and the proper reporting of HAP costs and leasing data, highlighting new fields and fields that are frequently mis-reported VMS Review – Scope of HUD’s review and …

Voucher Management System (VMS) Read More »

This session will discuss financial management and reporting as well as FDS reporting.  The following topics will be covered in this session: Proper accounting for revenues and expenses Calculating restricted net position (RNP) and unrestricted net position (UNP) Accounting for special issues such as fraud and portability Reconciliation of VMS to the FDS Changes in …

Housing Choice Voucher Year End Reporting Read More »