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Intermediate HUD Accounting, Reporting & Budgeting

March 25-27, 2020

BDO Nashville Office
414 Union Street
Philips Plaza
Nashville, TN 37219
get directions

Grace Fuentes
Email
  • 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. 

Pricing
Track 1: (March 25-26, 2020)
$650 Registration

Track 2: (March 27, 2020)
$450 Registration 
 
Tracks 1 + 2 
$1,000 (Save $100) 

TRACK 1: LIPH

March 25 - 26, 2020
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

March 26, 2020

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   

*Agenda subject to change

TRACK 2: HCV

March 27, 2020
9:00 AM to 4:30 PM

MODULE 1: BRIEF OVERVIEW OF SECTION 8 ACCOUNTING AND REPORTING

  •  Tentant 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

*Agenda subject to change
Located in the heart of the downtown business community, you are easily accessible to downtown amenities and within walking distance of museums and music centers. *Please note, BDO is currently holding a small number of sleeping rooms at Hotel INDIGO located at 301 Union Street in Nashville, TN (one block from our office). The BDO PHA Finance group rate of $209 per night, plust tax, is available to attendees on a first served basis until the cutoff date of February 23, 2020 or block capacity.

You may reserve your room online.
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. 
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 an additional 14 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