This session will discuss the funding methodology for the Housing Choice Voucher program, the program requirements provided in the annual Appropriations Act, and the related funding for both HAP and Administrative Fees. The following topics will be covered in this session: Calculation of HAP and Administrative Fee funding Eligible uses of HAP and Administrative Fee funding […]

Many agencies have taken steps to reposition their public housing portfolio through RAD conversions or low-income housing tax credits (LIHTC). As such, agencies also need to understand the reporting requirements for the new entities, i.e., component units that are created as a result of these transactions. This session will discuss: The major GAAP requirements for […]

OMB has established cost principles for federal programs, detailed in 2 CFR §200.400.  This session defines the meaning of OMB’s term “final cost objective” and examines how costs are classified between direct and indirect costs.  For indirect costs, the session provides options to properly allocate costs to the final cost objective using appropriate costs drivers. […]

This session provides a walkthrough of HUD’s HCV Two Year Tool and Payment Standard Tool and how to effectively use the tools for your PHA. The Two Year Tool can be used to forecast an agency’s leasing and spending over a two year (and longer) period of time. The session will cover the following topics: […]

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 […]

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 […]

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 (e.g., Emergency Housing Voucher - EHV) and fields that are frequently mis-reported VMS Review […]

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 […]

HUD requires PHAs to prepare an Operating Budget for the Public Housing program.  While not required, agencies should prepare operating budgets for all programs administered by the PHA (e.g., Housing Choice Voucher, COCC, Rural Development, etc.)  In this session, we will discuss: Purpose and HUD’s requirements for the Public Housing Operating Budget Steps in preparing […]

This session focuses on PHA that manage HUD’s Moderate Rehabilitation (Mod Rehab) & Single Room Occupancy (SRO) programs. The session will cover the following topics: Provide an understanding of the funding and accounting while discussing how these programs differ from the traditional HCV program; How to prepare the Budget, Requisition, and HUD’s year-end settlement form […]