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Property Based Budgeting and Accounting for Property Managers

April 06, 2021
12:00 PM to 4:30 PM EST

Grace Fuentes
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  • Summary
  • Three Day Agenda
  • Presenters
  • Cancellation Policy
Join BDO for a session specifically geared toward non-financial property managers. This live web-based three-day (four hours each day) course on Property Based Budgeting & Accounting for Property Managers will feature the techniques to create budgets, read budget vs. actual reports and other financial reports that are necessary to manage your property/AMP. We will also review the PHAS, the scoring implications at the AMP level, how the Capital Fund benefits your property and obtain an understanding of how subsidy is calculated at each  AMP.
 

Dates:

April 6 - 8, 2021
12:00PM - 2:00PM EST
2:30PM - 4:30PM EST 
 

Pricing:

$650 Per Person, Per Registration
April 6 - 8, 2021
12:00PM - 2:00PM EST
2:30PM - 4:30PM EST 
 

Learning Objectives

•  Define the requirements for eligible costs at the AMP
•  Discuss the principles of property based budgeting
•  Illustrate cost allocation for a large PHA with several AMPs
•  Review possible funding opportunities for your AMP from the Capital Fund Program
•  List flexible funding opportunities for a small PHA
•  Explain significant variances of budget vs actual reports
•  Identify the four indicators of PHAS
•  Calculate scoring PHAS scoring on an AMP by AMP basis
•  Illustrate the Operating Subsidy calculation
•  Identify possible funding opportunities from Operating Subsidy
 

Agenda

I.    Budgeting for Property Managers  
           a.  The basic finances of an AMP
           b.  ACC requirements
           c.  Eligible costs
           d.  Asset management vs. property based management
           e.  Property based budgeting
           f.  Learn how to budget for your AMP
           g.  COCC impacts of property based budgeting
       
II.    The Capital Fund Program     
           a.  Background of the CFP grant
           b.  Obligations & expenditures
           c.  Eligible costs
           d.  Ineligible costs
           e.  Small PHA uses of the Capital Fund

III.   Interpreting your Budget vs. Actual Report
           a.  Identifying income and expense accounts
           b.  Explain variances of budget vs actual amounts
           c.  Actual cash profit vs. income statement profit
           d.  Other useful financial reports you need to review monthly

IV.   The Public Housing Assessment Sub-System (PHAS)
           a.  Overview of the PHAS indicators and their sub-indicators
                           i.  PASS
                          ii.  FASS
                         iii.  MASS
                         iv. CFP
           b.  How to calculate indicator scores
           c.  How to calculate composite scores

V.   Operating Subidy
           a.  Background of the Operating Fund Calculation
           b.  How occupancy affects funding
           c.   Elements of formula income and formula expenses
           d.  Funding for residents at your property/AMP    

*Agenda Subject to Change 

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 25 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 fifteen 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. 
 

Dwayne Tucker, CPA, Senior Manager

Dwayne has extensive experience in providing Accounting, Audit, Training, and Consulting Services to a variety of PHAs. He has also been involved in Asset Management and Project Based conversions for large stop loss Housing Authorities, and was engaged in fiscal year end closings and assisting PHAs that have lost their Finance Director. Additionally, he has been involved with PHA outsourcing assignments and served as the Assistant Finance Director on an outsource basis for a large New Jersey PHA.
All cancellations are now subject to a 4.5% PayPal cancellation fee. This transaction fee is charged by PayPal per registration. Seminar registrants may cancel at any time less a $49.50 processing fee; Cancelled registrations prior to a webinar, can also be applied (in full) to any future event. 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. 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.