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Intermediate HUD Accounting, Reporting & Budgeting

October 22-24, 2019

AC HOTEL CHICAGO DOWNTOWN
630 North Rush Street
Chicago, IL 60611
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Grace Fuentes
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  • 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. 
 
Pricing:
• Track 1 standalone (October 22-23, 2019)  $650
• Tracks 1 + 2 (October 22-24, 2019)  $1,000
• Track 2 standlone  (October 24, 2019) $450 
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.
 
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.
 
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 22-23, 2019
 
October 22, 2019 
9:00 AM to 4:30 PM
 
MODULE 1: BUDGET ESSENTIALS 
• 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
 
MODULE 2: BUDGETING AND REPORTING FOR CAPITAL FUND 
• CFP Expenditures  and eligible costs 
• EPIC - Update on 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
 
MODULE 3: MAXIMIZING PHAS SCORES
• Overview of the PHAS indicators and sub-indicators 
• Examine the ratios and scoring calculations 
• Tips to maximize scoring for PHAS (FASS, MASS, & CFP)  
• Creating an appeal 
• Brief SEPHAS overview and the future of PHAS
 
October 23, 2019
 
MODULE 4: FDS UPDATES 
• FDS updates Explanation of the equity roll forward on the FDS 
• Common submission errors 
• Applying for extensions & waivers 
• RAD reporting requirements and options 
 
MODULE 5: OPERATING FUND CALCULATION 
• Step-by-step process to calculate operating subsidy and prepare subsidy revisions 
• Components of the operating fund calculation 
• Energy Performance Contracting  
• Operating Subsidy Portal
• LIPH Cash Management 

TRACK 2: HCV

October 24, 2019 
9:00 AM to 4:30 PM
 
MODULE 1: BRIEF OVERVIEW OF SECTION 8 ACCOUNTING AND REPORTING
• Tenant based vouchers
• RAD relevant vouchers (PBV/PBRA)
• Project based contracts
• Funding fundamentals
 
BUDGETING  FOR THE HCV PROGRAM
• Detailed funding examination
     o Eligible HAP sources of funding
     o Administrative fee revenue calculations
     o HHR, RNP and UNP reserve projections
     o Set aside and short fall funds
• Impacts of pension and OPEB on HCV program
     o Annual expenses
     o Effects on reserves
• Allocating expenses to HCV and related programs
• Streamlining rule accounting department impacts
    o Quarterly UAPs for eligible residents
 
MONITORING THE PROGRAM 
• Two Year Tool Review
• 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
 
HCV AND THE FDS
• Key differences in VMS and FDS reporting 
• SEMAP overview 
 
HCV VMS REPORTING
• Common reporting errors
• VMS updates
• RAD related VMS reporting 
• VMS Case Study
The BDO PHA Finance group rate of $209 per night is available to attendees Monday, October 21, through Wednesday, Oct 23, 2019 on a first come, first served basis until the cutoff date of September 30, 2019 or block capacity. 
 
To make a room reservation you can call Marriott Central Reservations at 844-672-9070 and identify the group block (BDO PHA Finance) to the agent. Do not call hotel directly.
 
You may click here to reserve you room online: Book your group rate for BDO PHA Finance
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 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.