All times listed are in Eastern time unless indicated otherwise.
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 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 […]
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 […]
This session will cover the basics of portability. Specifically, the session will cover the following topics: Family eligibility and responsibilities Initial & Receiving PHA responsibilities Portability billing Accounting for portability transactions Portability reporting (PIC, VMS, and FDS)
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 […]
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* […]
Internal controls are the rules and procedures implemented by an agency to ensure operational efficiency, reliability of financial reporting, compliance with laws and regulations, and the protection of assets. OMB (2 CFR 200.303) requires PHAs to establish and maintain effective controls. This session covers: Purpose and components of internal controls How to evaluate and implement […]
The Voucher Management System (VMS) is HUD’s primary system to monitor and manage the Housing Choice Voucher (HCV) program. The VMS collects PHA data that enables HUD to fund, obligate, and disburse funding in a timely manner. In this session, we will discuss: HUD’s schedule for PHAs to make final corrections to 2023 VMS data […]