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RAD Conversion, Accounting & Other Asset Repositioning Options

June 3rd, 2020 - June 4th, 2020

BDO St. Louis Office
101 South Hanley Road
Saint Louis, Missouri 63105
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Grace Fuentes
Email
  • Summary
  • Day 1
  • Day 2
  • CPE Information
  • Location & Hotel Information
  • Presenters

This event has been cancelled.


Join BDO for our RAD Conversion, Accounting & Other Repositioning options event. This session is a two day, group live course on how the program works from a financial perspective. The class will include a detailed review of RAD Financial and Accounting requirements which will include funding concerns, conversion entries, and ongoing financial reporting.

Pricing:
June 3rd, 2020 - June 4th, 2020 
$650 Registration
Day One
9:00am to 4:30pm


9:00am
Introduction to RAD:
• RAD financial overview, to include detailed explanation of the program and how it works from a financial perspective
• Overview of the Provisions of RAD Notice
• Discussion of various different stages of RAD conversion
• Other introductory topics

Break 10:15am-10:30am

10:30am
Detailed discussion
: PBRA vs PBV – pros and cons of each, comparison of the requirements related to each option, comparison of options to recover overhead (COCC costs) under each option, how to determine which is best for your PHA, other items of importance concerning PBRA vs PBV

Lunch 12:00pm-1:00pm

1:00pm
Review of GASB 14 and GASB 61
to ensure proper Component Unit determination and reporting for affiliates that are established to facilitate conversion to RAD

Break 2:15pm-2:30pm

2:30pm
RAD funding
- how the Public Housing funding, CFP funding, and Dwelling Rent translates to the Contract Rent, specifics of the Contract Rent calcuation, and other funding considerations such as the rent caps and rent reasonableness
Day One
9:00am to 4:30pm


9:00am
Introduction to RAD:

• RAD financial overview, to include detailed explanation of the program and how it works from a financial perspective
• Overview of the Provisions of RAD Notice
• Discussion of various different stages of RAD conversion
• Other introductory topics

Break 10:15am-10:30am

10:30am
Detailed discussion:
PBRA vs PBV – pros and cons of each, comparison of the requirements related to each option, comparison of options to recover overhead (COCC costs) under each option, how to determine which is best for your PHA, other items of importance concerning PBRA vs PBV

Lunch 12:00pm-1:00pm

1:00pm
Review of GASB 14 and GASB 61
to ensure proper Component Unit determination and reporting for affiliates that are established to facilitate conversion to RAD

Break 2:15pm-2:30pm

2:30pm
RAD funding
- how the Public Housing funding, CFP funding, and Dwelling Rent translates to the Contract Rent, specifics of the Contract Rent calcuation, and other funding considerations such as the rent caps and rent reasonableness
Located in the St. Louis business district, you are minutes away from numerous art galleries, boutiques and cafes with outdoor seating.

*Please note, BDO is currently not holding any sleeping rooms at this time, we have plenty of hotel options in which you can choose from. Please remember to ask for the Government rate when booking your room!
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 24 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 fourteen 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.
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 $50 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). If you are paying by check, you must pay BDO, USA LLP  within 7 business days of registering. If we do not receive payment on time your registration will be cancelled. For more information regarding administrative polices such as compliant and refund, please contact Grace Fuentes at gfuentes@bdo.com. All cancellations may be sent via email to Grace Fuentes at gfuentes@bdo.com. Substitutions are welcome and may be made at any time. 
Delivery: Group Live
Prerequisites: None
Advanced Prep: None
Credits: Up to 14 total CPE credits
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