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Hot Topics in PHA Accounting and Financial Reporting

September 25, 2018 - September 26, 2018

Hampton Inn & Suites - Saratoga Springs Downtown
25 Lake Avenue
Saratoga Springs, NY 12866
get directions

Grace Fuentes
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  • Summary
  • Event Details
  • CPE Information
  • Hotel Information
  • Presenters
Join BDO for our HOT TOPICS workshop!  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 2019.

Pricing 
$450 for the two day session
 

Return to PHA Finance
Participation Requirements for CPE Programs
To receive CPE credit for participation in a BDO training program, you must sign-in at the beginning and actively participate throughout the session. You will receive an email notification once the attendance record has been processed, including instructions on how to access your CPE certificate.
 
Cancellation Policy
Seminar registrants may cancel up to two weeks prior to a group live seminar for a refund, less a $25 processing fee; cancelled registration payments prior to the cutoff date can also be applied (in full) to any future event. Cancellations after the two week cutoff date will receive a full credit towards a future seminar. 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. If payment has been submitted, please indicate the payment method (check/PayPal). 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.
 
Delivery: Group Live
Prerequisites: None
Advanced Prep: None
Credits: Up to 16 total CPE credits for Track 1 and an additional 8 possible for Track 2
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
September 25, 2018  
9:00-10:30 MODULE 1: WHAT YOU NEED TO KNOW – LIPH
  • The T-HUD Budget: What we know to date
  • Operating Reserves and allowable uses
  • Protecting reserves
  • HUD plans to implement Public Housing “Cash Management” for disbursing Operating Subsidy 
  • Potential transition to HUD-held Public Housing Operating Reserve 
  • Anticipated salary limitations & tips to work around the salary cap
  • Discuss the latest developments regarding the refederalization of the COCC
  • Latest changes to the Operating Fund Calculation
10:30 - 10:45  BREAK
10:45 - 11:15 MODULE 1 CONT.
11:15 – 12:00 MODULE 2: GASB AND HUD ACCOUNTING UPDATES 
  • New Accounting Requirements for Leases – affecting both Lessors and Lessees
  • New Accounting Requirements for Insurance 
  • Other GASB and HUD Accounting Changes
12:00-1:00 LUNCH
1:00-1:45 MODULE 2 CONT
1:45-2:30 MODULE 3: WHAT YOU NEED TO KNOW-CAPITAL FUND
  • The Final Rule overview
  • Eligible and ineligible Costs – new Budget Line Items
  • Obligations and expenditures
  • eLOCCS
  • The Treasury Rule
  • Utilizing Operating Funds for CFP activities under new HOTMA rules
2:30-2:45 BREAK
2:45-4:30 MODULE 4: SUPERCIRCULAR & COST ALLOCATION
  • OMB Supercircular: what you need to know 
  • Cost Allocation
September 26, 2018 
9:00-10:30 MODULE 5: WHAT YOU NEED TO KNOW-HOUSING CHOICE VOUCHER
  • Update on PIC-NG – will be new basis for disbursing HAP funds to PHAs
  • Eligible funding sources for HAP
  • Monitoring Restricted Net Position (RNP), (formerly Net Restricted Assets,) program reserves and
  • HAP funding to assist in maximizing leasing and administrative fees
  • administrative Fees
  • Post 2003 and Pre 2004 Administrative Fee Reserves and their allowable uses
  • Tips to correctly report the VMS
  • Tips to prepare for a QAD audit: VMS RNP vs. FDS RNPP
10:30-10:45 BREAK 
10:45-12:00 MODULE 4 CONT
12:00-1:00 LUNCH
1:00-2:30 MODULE 6: PHAS III AND THE LATEST ON SEPHAS
  • Indicators and sub-indicators of the interim PHAS
  • Scoring process for the four PHAS indicators
  • Tips to Improve scoring on the MASS and FASS indicators
  • SEPHAS updates
2:30-2:45 BREAK 
2:45-4:30 MODULE 7: LATEST CHANGES TO FDS AND OTHER UPDATES
  • Latest FDS reporting requirements 
  • RAD reporting: What we know to date
  • Tips to avoid common FDS rejections
  • Other HUD accounting and reporting updates
The Saratoga Housing Authority is graciously hosting this session onsite at the Hampton Inn and Suites by Hilton. A room block has been set up for the evening of September 24 and September 25 at the special rate of $124 per night plus taxes. Guests must book rooms by August 23, 2018 in order to get this special rate.

Please mention the Saratoga Housing Authority when making a reservation. Please call 518-584-2100 to book today!
Jason Casterline, CPA, Managing Director
With more than 30 years of experience, Jason has a wealth of experience in assisting housing authorities with financial management issues. He has provided consultation services to more than 150 Public Housing Agencies (PHAs) since 1985, and has provided training for over 7,000 PHA and HUD personnel. Prior to joining BDO, Jason founded Casterline Associates, PC, which he led for 22 years.