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Understanding Financial Statements – June 23rd
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  Understanding Financial Statements  
  June 23rd ǀ 1:00 pm – 4:00pm Eastern  
 

   HCV Track          PH Track         ED 101 Track  

 
 

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 of reports a PHA should have available on a monthly basis (including those reports that a fee accountant typically would provide)
  • Use of financial statements for monitoring.

Review of the various reports and schedules that an auditor will prepare as part of an audit.

WHO SHOULD ATTEND: Housing authority staff and Board members whose responsibilities and/or duties include reviewing the PHA’s financial statements and monitoring financial performance, such as Executive Directors and other senior management.

COURSE FEE: The fee for this 3-hour course is $179 per person

COURSE FORMAT: Webinars are hosted on the Zoom webinar platform.  A camera and microphone are not required.

CPE CREDIT: CPE Credit Provided by AHACPA

 
  Register Online   Printable Registration  
UPCOMING WEBINARS OPPORTUNITIES

July 14th | 1:00 pm - 4:00 pm Eastern

Housing Choice Voucher Year-End Reporting

   HCV Track        ED 101 Track  

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 FSS escrow reporting
The focus is on HCV reporting; however, the session will also discuss reporting of the Mainstream and Emergency Housing voucher programs and reporting requirements for CARES Act HCV and Mainstream funding (FDS Column 14.EHV and 14. MSC) to ensure that PHAs have reported these funds correctly.

July 19th | 1:00 pm - 3:00 pm Eastern

Operating Budgets

      PH Track        ED 101 Track  

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 an Operating Budget
  • Effective budgeting techniques, including documenting assumptions and initiatives
  • Relationship between the Operating and Capital Fund budgets

Note: This session emphasis is on preparing operating budgets for the Public Housing program.

WHO SHOULD ATTEND:

  • Public Housing | Financial Management Track - Housing authority supervisory / program staff, accounting and financial management staff, and independent auditors wanting to understand HUD’s program rules, financial and accounting requirements for the Public Housing program.
  • HCV | Financial Management Track - Housing authority supervisory / program staff, accounting and financial management staff, and independent auditors wanting to understand HUD’s program rules, financial and accounting requirements for the HCV program.
  • ED 101 Track - Executive Directors with less than 3 years of experience in the ED position and Public Housing or HCV supervisors interested in advancing to an Executive Director position.
COURSE FEE:
  • The fee for a 2-hour course is $129 per person
  • The fee for a 3-hour course is $179 per person
COURSE FORMAT: Webinars are hosted on the Zoom webinar platform. A camera and microphone are not required.
CPE CREDIT: CPE Credit provided by AHACPA
MORE INFORMATION ON EACH TRACK

Click below to download a detailed agenda for the webinar series for each track.

WHO IS AH FORWARD?

AH Forward combines the expertise of three well-respected organizations:

  • AHACPA
  • Phineas Consulting
  • Urlaub & Co

Together, we have developed policies and procedures, conducted training, provided consulting, and technical assistance to the affordable housing industry and HUD. The three firms have a combined 100+years of experience in providing support to the affordable housing industry.

AH Forward

AH Forward was formed in 2019 and combines the expertise of three partner-firms: The Affordable Housing Association of Certified Public Accountants (AHACPA), Phineas Consulting LLC, and Urlaub & Co, PLLC. The firms and partners have more than 20 years of experience in providing consulting support to HUD, public housing agencies, and multifamily owners. Information on AH Forward and the firm’s service offerings are available at www.ahforward.com

AH Forward
P.O. Box 2543
Ada, OK 74821
(580) 332-4802
[email protected]


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