Nuts & Bolts of HUD Accounting - Woodland, CA

Learning Objectives

• Discuss the HUD chart of accounts for Public Housing, Capital Funds, other related grants and over two dozen common related transactions

• Examine 10 basic components of the Operating Fund Calculation

• Discuss LIPH cash management

• Review the four indicators and related sub-indicators of PHAS and scoring

• Discuss the eligible and in-eligible costs of the Capital Fund Program

• Assess how to report Capital Fund activity annually on the Financial Data Schedule (based on the Final Rule) and differentiate between "hard" and "soft" costs

• Review EPIC and how it is used for the Capital Fund

• Analyze the creation of a successful FDS submission

• Discuss relevant LIPH related HUD, GAAP and GASB updates

• Examine the LIPH chart of accounts and creation of work-papers for the auditors

• Review the Operating Subsidy Calculation

• Implement the course’s monthly & annual accounting procedures to properly account and report for the HCV program per the latest HUD, GAAP and GASB regulations

• Analyze a simple methodology to account for and report HCV administrative fees

• Examine tips for accurate preparation and submission of the VMS and Section 8 program FDS

• Identify at least five areas where the RNP is calculated differently on the FDS vs. VMS

• Discuss relevant HCV program related HUD, GAAP and GASB updates

• Review the proper methods monitor HAP funds, HUD-held reserves, Restricted Net Position, and leasing 

• Implement HUD’s Two Year Tool

Information about CPE eligibility: 

To receive CPE credit for participation in a live program you must check-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. If you need to leave mid-session, please visit the registration desk prior to leaving.  

Please Note: Per BDO USA’s CPE Compliance Policy, CPE will not be issued for programs that fail to comply with the NASBA standards, or to individuals who do not meet the attendance requirements. For questions regarding CPE credit, please contact [email protected].  

Complaint Resolution Policy: 

Questions, comments, or concerns can be sent to Grace Fuentes. 

Notes on Registration 

Click register and fill out the required fields. You will receive an email confirmation with a link to add event to your calendar. If you are no longer able to attend, please contact Grace Fuentes.   

BDO USA, P.C. 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