All times listed are in Eastern time unless indicated otherwise.
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 […]
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 […]
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 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 […]
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 […]
This session is for agencies that have adopted the asset management / COCC model and covers the following topics: Overview of asset management, the COCC framework, and asset management under the cost allocation model The different fee types and rates that the PHA can charge and excess cash calculation Eligible uses of COCC funds and […]