• Webinars

    BDO webinars bring our community together in an online setting
    to connect with each other and share insights into the topics and trends.

2021: Everything You Need to Know

December 09, 2020
11:30 AM to 4:00 PM EST

Grace Fuentes
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  • Summary
  • Three Day Agenda
  • Pricing
  • CPE Information
  • Cancellation Policy
  • Presenters
Join BDO PHA Finance for our live webinar: Everything You Need To Know 2021. This is a first of its kind program and will be presented on a user friendly platform providing you with the ability to easily ask questions and hear the latest GAAP, GASB and HUD updates from BDO’s seasoned, knowledgeable professionals.

This session will feature a live web-based three day webinar (four hours each day) to assist your agency for the challenges in the upcoming year. This seminar for all staff members will discuss strategies and techniques to protect reserves and survive challenges to funding. We will consolidate all the important goals, deadlines and hot topics for 2021.
December 9 - 11, 2020
11:30AM EST - 1:30PM EST
2:00PM EST - 4:00PM EST

 

Program Objectives  

•  Examine the latest funding updates in the T-HUD Budget: What we know to date
•  Analyze the relevant COVID-19 waivers and accounting and reporting requirements 
•  Explain the four primary sources of HAP funding
•  Review elements of the upcoming PHAS IV – the PHAS Final Rule
•  Review eligible and ineligible costs to maximize CFP funding
•  Discuss relevant LIPH related HUD, GAAP and GASB updates
•  Evaluate the impact of using the Two Year Tool to maximize leasing on your HCV program
•  Identify at least 5 areas to maximize LIPH operating subsidy
•  Discuss how to thrive as a PHA post-RAD / post-repositioning
•  Review methods to maximize HCV leasing and HAP utilization
•  Differentiate the reporting RNP and HAP for FDS and VMS purposes
•  Evaluate the VMS for items that may trigger a QAD review
 

Module 1: EYNTK – General Update

•  LIPH operating reserves
•  Salary limits in 2021 and related reporting
•  Refederalization of the COCC
•  GAAP & GASB updates
 

Module 2: EYNTK – Capital Fund

•  Eligible and ineligible costs
•  COVID waivers, accounting and reporting
•  The treasury rule
•  Latest on HUD funding
•  Uses of CFP funds during asset repositioning and after
 

Module 3: EYNTK – The PHA in the Post-RAD / Post-Repositioning Environment 

•  Changes related to becoming a small PHA, including the impact that has on CFP, PHAS Scoring, other impacts of how that designation changes  
•  The decision to keep or abandon the use of a COCC and reverting to indirect cost allocation vs fee for service  
•  Using Section 18 and/or Streamlined Voluntary Conversion to finish converting the portfolio  
•  What to do with Operating Reserves and the Capital Funds or Subsidy that come in afterwards
•  Developing long term projections to quantify the impact of the changes on the programs, COCC, and the PHA as a whole
•  Use of Business Activity instead of the COCC
 

Module 4: EYNTK – Mixed Financing (featuring Michael Syme, Esq. of Fox Rothschilds, LLP)

•  Updates regarding the Rental Assistance Demonstration 
•  Important considerations for year 15 deadlines for existing mixed finance deals
 

Module 5: EYNTK – Preliminary Look at PHAS Final Rule 

•  HUD vision and objectives 
•  A walk through the revised indicators
•  HUD’s new risk assessment criteria
•  HUD’s Risk Enterprise team
•  Trending of indicators
•  Other indicators
 

Module 6: EYNTK – Operating Fund

•  Tips to maximize subsidy
•  Operating subsidy portal 
•  Changes in submitting compliance forms
 

Module 7: EYNTK – FDS & Other Reporting Overview of the FDS

•  COVID reporting updates on the FDS
•  Tips to prevent FDS rejections
•  Quarterly reporting requirements
•  RAD and other asset repositioning reporting
 

Module 8: EYNTK – Housing Choice Voucher

•  Eligible funding sources
•  Comparing HAP & RNP for VMS and FDS purposes
•  Tips to prevent a QAD review
•  Review of the Two Year Tool
•  Maximizing HAP and leasing utilization
•  COVID-19 waivers, accounting & reporting

*Agenda Subject to Change
Entire Three Day Session: December 9 - 11, 2020: $650 Registration fee per person
FDS & HCV Modules 7 & 8 ONLY: December 11, 2020: $250 Registration fee per person
All cancellations are now subject to a 4.5% PayPal cancellation fee. This transaction fee is charged by PayPal per registration. Seminar registrants may cancel at any time less a $49.50 processing fee; Cancelled registrations prior to a webinar, can also be applied (in full) to any future event. Event cancellations should be submitted in writing via email, and include the attendee name, company, title of the event, and indicate whether or not payment has been submitted. All cancellations may be sent via email to Grace Fuentes at gfuentes@bdo.com. Substitutions are welcome and may be made at any time, but please also email us the attendee swap information.

Brian D. Alten, CPA, Partner

Prior to combining with BDO and establishing BDO PHA Finance, Brian was a Director at Asher and Company. Before joining Asher in 2005 and developing the public housing accounting practice, Brian was a partner with PHA Finance, Inc. and co-creator of “The PHA Finance Solution.” Brian brings over 25 years of experience in areas of accounting and financial consulting for Public Housing Authorities (PHAs) across the nation.
 

Nick Auriemma, CPA, CFE, Managing Director

In his more than fifteen years of experience, Nick Auriemma has managed engagements for governmental, non-profit and for-profit audits, encompassing financial reporting, internal control over financial reporting, compliance with federal awards, and internal control over compliance with federal awards. Prior to joining BDO, Nick was the principal manager in an audit firm focusing in on public housing authorities (PHAs) and affordable housing entities.
 

Jason Casterline, CPA, Managing Director

Jason has over 30 years of experience assisting housing authorities on financial management issues and has personally advised over 150 housing authorities, including eight of the ten largest PHAs, on financial management issues. He has delivered accounting services, conducted audits, assessed PHA operations, developed policies and procedures, and provided a variety of other technical assistance to the subsidized housing industry. 
 

Dwayne Tucker, CPA, Senior Manager 

Dwayne has extensive experience in providing Accounting, Audit, Training, and Consulting Services to a variety of PHAs. He has also been involved in Asset Management and Project Based conversions for large stop loss Housing Authorities, and was engaged in fiscal year end closings and assisting PHAs that have lost their Finance Director. Additionally, he has been involved with PHA outsourcing assignments and served as the Assistant Finance Director on an outsource basis for a large New Jersey PHA. 
 

Jake Bastoni, CPA, Manager

Jake is a Manager with BDO PHA Finance and utilizes his background in affordable housing and accounting to help the BDO PHA Finance team provide accounting and management consulting services for Public Housing Authorities nationwide.

Participation Requirements for CPE Programs

To  receive CPE credit for participation in a BDO webinar program, you must respond to the occasional polls that appear throughout the program. You will receive an email notification following the program if you completed the necessary polls and qualified for CPE credit. This email will include instructions on how to access your CPE certificate.

BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
 
Delivery: Internet Based
Prerequisites: None
Advanced Prep: None
Credits: Estimated up to 12 total CPE credits for attendance and participation in our three day webinar (four hours each day).
Program Level: Basic
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org