All times listed are in Eastern time unless indicated otherwise.
This session will assist the PHA in preparing for their annual audit. Topics to be covered include: Client preparations of schedule and other client-prepared documents required by auditors. Common areas of interest to auditors. Processes to facilitate a quick and effective audit and minimize REAC annual reporting delays and comments. Update on GASB standards that […]
This session provides information on the activities that are allowed to be charged against the Operating Fund, Capital Fund, and Housing Choice Voucher programs and discusses overall eligible costs, including cost allocation guidelines as determined by OMB. * This webinar is focused on the eligible uses of funds for HUD’s major PH and HCV programs. […]
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 […]
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)