1-800-783-3100

Project-Based Accounting for PHAs

PURPOSE

This four-day training is packed with the latest information regarding project-based budgeting, accounting, and reporting. With a focus on the practical application of project-based financial management and reporting, you can learn how to prepare project-based budgets, how fee-for-service will be applied, the concept of central office cost center (COCC) vs. cost pool, and how to determine front line costs vs. fee costs, including how these costs are recovered. You'll also learn how excess cash will be determined and how it may be used, the requirements for capital fund reporting, and the year-end project level reporting requirements to REAC. In addition, this seminar covers the new operating fund formula with the goal of helping you understand how HUD will determine your operating subsidy.  

SEMINAR INSTRUCTORS

Project-Based Accounting for PHAs is taught by an exemplary accounting group that includes Ray Adair, CGFM, and Ron Urlaub, CPA, true experts on the transition to project-based management. This team assisted HUD in writing the accounting and financial reporting handbook for the implementation of project-based budgeting, accounting, and reporting.

LEARNING OUTCOMES

Day One

  • Identify the various acronyms and terms used in financial management and reporting in the public housing program
  • Identify and explain the public housing annual contributions contract (ACC), including its major sections and provisions
  • Discuss at a basic level various aspects of GAAP as it relates to the public housing program, including the UFRS, the basis of accounting, revenue recognition, etc.

Day Two

  • Recognize the requirements for tenant accounting at the project level, including the documents used, typical accounting entries, and good internal control over tenant transactions
  • Explain the purpose of the COCC and its sources of revenue, in addition to applying the concept of fee-for-service when the COCC provides centralized maintenance
  • Define and describe excess cash, how it is calculated, how it can be used, and when

Day Three

  • Identify HUD’s requirements for investing program income, recording investment transactions, and the types of investments a PHA can make using program income
  • Explain the requirements for project-based budgets, the budget process, and budgeting income and expenses at the project level
  • Recognize the ten cost drivers used to determine a project’s expense level and how HUD determines the amount of operating subsidy for each project, and describe the process for operating subsidy submission

Day Four

  • Describe the year-end closing process, including year-end financial reporting requirements and due dates
  • Create and submit year-end financials at the project level
  • Recognize the changes made to the FDS to accommodate project-based year-end financial reporting for operating fund and capital fund activity

SEMINAR #101-003

AGENDA: View the agenda

METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A

LENGTH: Four days

AUDIENCE: Executive directors, project and asset managers, and both financial and non-financial staff

PROGRAM LEVEL: Basic

PREREQUISITES: None

ADVANCED PREPARATION: None

EXAM: The certification exam is available for $150. Select the exam during checkout or click here to view a list of certification exams available.

CREDITS:CPE units = 28, CEU units w/ exam = 2.3

REGISTER: Fill out the PDF registration form and fax to 619.258.5791. Or select the seminar you'd like to attend from the list of locations and dates below to order online.

Contact Us

1810 Gillespie Way, Suite 202 
El Cajon, CA 92020
Phone: 800-783-3100
Fax: 619-258-5791
Email: sales@nanmckay.com



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