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Event Date Tue Aug 10 EDT - Thu Aug 12 EDT (in 13 days)
Location Webinar
Region All

Join BDO PHA Finance as we launch our live webinar: Nuts and Bolts of HUD Accounting, Budgeting, and Reporting. This program will be presented on a user-friendly platform, providing you with the ability to easily ask questions and hear the latest GAAP, GASB and HUD updates from BDO’s seasoned, knowledgeable professionals.

Each live, web-based track will take place in three days, offering content for four hours per day.
Track 1: Public Housing, focusing on the Low Income Public Housing Program and the Capital Fund Grant program.
Track 2: Housing Choice Voucher, focusing on the Housing Choice Voucher Program’s basic accounting and reporting requirements and featuring a half day dedicated to RAD and other asset repositioning options.

• 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.
• COVID-19 Updates.
• Review the four indicators and related sub-indicators of PHAS the anticipate SEPHAS.
• 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 the creation of a sucessful FDS submission.
• Analyze the creation of a successful FDS submission.
• Discuss relevant LIPH related HUD, GAAP and GASB updates.

Module 1: Introduction to Public Housing Accounting
• Common acronyms and definitions.
• Calendar of due dates.
• Overview of LIPH accounting transactions.
• Eligible uses of operating reserves.
• Measuring reserve levels.
• Cost Allocation.
• Project based accounting and the COCC.
• Fee-for-service.
• Eligible costs.

Module 2: Introduction to the Public Housing Chart of Accounts
• Setting up the LIPH chart of accounts
• Preparing LIPH related journal entries, registers and schedules
• Reconciliation & reporting of accounts:
• Cash / Investments
• Accounts Receivable
• HUD / Government
• Receivables
• Deferred Charges
• Fixed Assets Depreciation
• Accounts Payables
• Notes / Mortgages Receivables
• Payroll liabilities
• Accrued liabilities
• Compensated absences
• Notes / Mortgages payable
• Pension liabilities
• FSS liabilities
• Lease Liabilities and Assets
• All equity (reserves) accounts
• Revenues
• Expenses

Module 3: Introduction to the FDS (Public Housing & Related Programs)
• Background of FDS.
• Submission due dates.
• Creating a FDS.
• Mapping general ledger accounts to the FDS.
• Differences between the un-audited FDS and audited FDS.
• Various options and categories of FDS submissions.

Module 4: Introduction to PHAS
• An overview of the PHAS Indicators and sub-indicators
• CFP indicator
• How to calculate indicator and sub-indicators scores
• How to calculate composite scores
• What is SEPHAS?

Module 5: Introduction to the Capital Fund (CFP) Grant
• Background of the CFP grant
• Capital Fund specific transactions for each Budget Line Item (BLI)
• Eligible costs and ineligible costs
• Comparing CFP fund revenue to expenses incurred by the Authority
• Tracking obligations and expenditures deadlines
• The “Treasury Rule”
• The EPIC reporting systems

Module 6: Introduction to the Operating Fund Calculation
• Background of the Operating Fund Calculation
• Summary of occupancy categories for funding eligibility
• Reporting and funding periods
• Elements of the formula expense level
• Add-ons
• Transition funding
• Elements of formula income
• Proration
• eLOCCS drawdowns of subsidy
• Operating Fund Portal and LIPH Cash Management


2021 Speakers


Brian D. Alten
CPA, Partner

Nick Auriemma
CPA, CFE, Managing Director

Jason Casterline
CPA, Managing Director

Dwayne Tucker
CPA, Senior Manager

Jake Bastoni
CPA, Manager