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Intermediate HUD Accounting, Reporting and Budgeting - October Fall 2018

October 3, 2018 - October 5, 2018

Sonesta Philadelphia Downtown
1800 Market Street
Philadelphia, PA 19103
get directions

Grace Fuentes
  • Summary
  • Track 1
  • Track 2
  • CPE Information
  • Hotel Information
  • Presenters
Join us at the Intermediate HUD Accounting Reporting & Budgeting workshop for two days of Public Housing followed by one day HCV session. This combined course package will help you understand the latest guidance issued by HUD along with learning the latest published information from the current Administration. 

Attendees can elect to attend either the Public Housing track, the combined two-track session or HCV only session. 

  • Track 1 standalone (October 3-4, 2018)     $600
  • Tracks 1 + 2 (October 3-5, 2018)     $900
  • Track 2 standlone  (October 5, 2018)     $400

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 14 total CPE credits for Track 1 and up to 6 CPE credits 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
TRACK 1: LIPH October 3-4, 2018

October 3, 2018

  • Budgeting for typical PHA income and expense items 
  • Project based budgeting implications Excess Cash 
  • Central Office Cost Center & de-federalization impacts
  • Cost Allocation 
  • Eligible uses of operating reserves

  • CFP Expenditures  and eligible costs 
  • EPIC - New requirements to submit HUD’s Annual Statement and Capital Fund  Year Action Plan
  • Ineligible costs 
  • Obligation & expenditure requirements 
  • Treasury rule 
  • Fungibility 
  • Public Housing and Capital fund reverse fungibility conversations
  • HOTMA accounting and reporting requirements

  • Overview of the PHAS indicators and sub-indicators 
  • Examine the ratios and scoring calculations 
  • Tips to maximize scoring for PHAS 
  • Creating an appeal 
  • Brief SE PHAS overview and the future of PHAS

October 4, 2018

MODULE 3 Continued

  • FDS updates Explanation of the equity roll forward on the FDS 
  • Common submission errors 
  • Applying for extensions & waivers 
  • RAD reporting requirements and options 

  • Step-by-step process to calculate operating subsidy and prepare subsidy revisions 
  • Components of the operating fund calculation 
  • Energy Performance Contracting 

October 5, 2018

  • Tenant based vouchers
  • RAD relevant vouchers (PBV/PBRA)
  • Project based contracts
  • Funding fundamentals

  • Detailed funding examination
  • Eligible HAP sources of funding
  • Administrative fee revenue calculations
  • Calculating Reserves
  • Set aside and short fall funds
  • Impacts of pension and OPEB on HCV program
    • Annual expenses
    • Effects on reserves
  • Allocating expenses to HCV and related programs
  • Streamlining rule accounting department impacts
    • Quarterly UAPs for eligible residents

  • HAP/UAP 
  • Fraud recovery
  • Interest income
  • Restricted Net Position
  • HUD-Held reserves
  • Unrestricted Net Position
  • Portability
  • Eligible uses of pre 2004 and post 2003 Administrative Fee reserves

  • Key differences in VMS and FDS reporting 
  • SEMAP overview
  • Common reporting errors
  • VMS updates
  • RAD related VMS reporting 
  • VMS Case Study
An ideal location to explore a contemporary vibe. At the Sonesta Philadelphia downtown, personal customer service are just some of the things that separate the Sonesta Philadelphia hotel from others. The Sonesta Philadelphia is located downtown and steps away from Rittenhouse Square. Easy access to restaurants and Philadelphia Airport.
The BDO PHA Finance group rate of $185 per night is available to attendees Tuesday, Oct. 2 through Thursday, Oct. 4 on a first come, first served basis until the cutoff date of September 11, 2018 or block capacity. Please click here to reserve your room

Please be sure to check workshop/availability and or register with BDO before making any nonrefundable arrangements. 
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 20 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 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. 

Michael Petro, Managing Director
Prior to merging with BDO, Michael helped found Casterline Associates. Michael has worked with over 100 PHAs ranging from less than 100 to 40,000 units, including severely distressed authorities as well as high performers. He has personally trained over 3,000 PHA and HUD personnel in the course of delivering more than 90 workshops in 23 states. Michael has helped turn around the finance departments of numerous PHAs through the implementation of quality control measures, including redesigning the internal controls of both the finance department as well as the housing authority.