• Events


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

Hot Topics in PHA Accounting and Financial Reporting

September 11, 2018 - September 13, 2018

The Beach Club
925 Beach Club Trail
Gulf Shores, AL 36542
get directions

Grace Fuentes
Email
  • Summary
  • Event Details
  • CPE Information
  • Presenters
  • Hotel Information
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.


If interested in attending please contact the Housing Finance Professionals of Alabama seminar coordinator, Belinda McMichael at belinda.mcmichael@yahoo.com

 

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 24 total CPE credits for the three day workshop
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 11, 2018 
8:30 - 10:15 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
10:15 - 10:30 BREAK
10:30 - 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 - 4:00 MODULE 4: THE LATEST ON SEPHAS – PUBLIC HOUSING PORTION
  • 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 – what HUD is planning in terms of changes to PHAS
September 12, 2018
8:30 - 10:15 
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
10:15 - 10:30 BREAK 
10:30 - 12:00 MODULE 5 CONT
12:00-1:00 LUNCH
1:00-2:30 MODULE 6: THE LATEST ON SEPHAS – HCV PORTION
  • Details concerning HUD’s plans to upgrade SEMAP
  • Proposed HCV Financial Indicators
  • SEPHAS updates
2:30 - 2:45 BREAK
2:45 - 4:00 MODULE 7: OTHER HCV FINANCIAL UPDATE TOPICS
  • Latest developments concerning the HCV program 
September 13, 2018 
8:30 - 10:15 MODULE 8: RAD UPDATE 
  • Latest on RAD Accounting
  • Latest on RAD Reporting
  • Ongoing Accounting and Reporting for RAD
  • Other RAD Financial Update Topics  
10:15 - 10:30 BREAK
10:30 – 12:00 MODULE 8 CONT.
12:00 - 1:00 LUNCH
1:00 – 2:30 MODULE 9: MULTIFAMILY ACCOUNTING AND REPORTING
  • Chart of Accounts
  • Multifamily Accounting Issues
  • Multifamily Financial Submission (FASSUB)
  • Reporting Multifamily on FDS
2:30 - 2:45 BREAK
2:45 – 4:00 MODULE 9 CONT.
Nick Auriemma, CPA, CFE, Managing Director
In his more than thirteen 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 27 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. 
Gulf Shores, AL -The Beach Club 
The Beach Club 
925 Beach Club Trail
Gulf Shores, AL 36542
 
HFPA group rate of $122 per night plus taxes and fees. (Valid until 8/9/18, make reservations early!)