Real World Training 5501 LBJ Freeway, Suite 180 Dallas, TX 75240-5225 Phone (214) 515-0577 Fax (214) 515-0580 www.quickbookstraining.com Day 1 Agenda During webinars, all times listed below are in Central Time. Meanwhile, HUD has more than $1.6 billion in CARES Act funds unobligated. provides an overview of the different financial management tools that will be made available as part of this training for PHAs use and how the PHAs will be able to access the tools. Federal Audit Clearinghouse. The training provides an interactive approach with 8 Learning Activities incorporated into the training topics. This session will also provide information on the different audit types, audit coverage, managing the audit process, and auditor warning flags. complaint, the complaint must be filed under all relevant civil rights laws. The session also covers eligible costs including cost allocation as determined by the Office of Management and Budget (OMB).Launch Module 4Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs may wish to skip slides 24 45 which cover operating fund and capital fund. We will help you comply with USDA requirements so you can avoid further regulatory scrutiny, penalties, sanctions and even termination from the USDA programs. HUD recommends users complete the curriculum in the following order: 1. Go through the guidelines to find out which information you need to give. This module also discusses common financial management deficiencies found in PHAs and introduces the concept of financial management. These self-paced training modules cover the following topics: 2 CFR Part 200, Cost Principles, Budgeting, Procurement, Internal Controls, Fund Accounting, and Federal Audits. HUD has stipulated that training is mandatory and it is part of your HUD Section 8 contract budget. Our licensed and Certified Public Accountants and Auditors with HUD Auditors.com are completely qualified, trained and experienced with all Audit processes and your specific Audit needs and requirements. Registration fees are fully refundable provided the request is received at least three weeks prior to the course. Generally, all participants of Non Profit Audits Public Housing, Section 8 Housing, Multi-Family Housing Programs and Single Audit Act programs must prepare annual financial reports in accordance with the Office of Management and Budget Yellow Book guidelines. The third core reform under asset management is project-based accounting. Ultimately, project-based accounting provides the necessary information to make effective decisions at the project-level. Voyager. Provides exercises on how to conduct a risk assessment and identify control weaknesses. Yellow Book Non Profit Multifamily Housing Audits, Section 8 Housing Audits, Multi-Family Housing Programs and Single Audit Act Programs Audit services. Content includes an update on HUD regulations, relevant accounting and auditing updates, and other program [] 0 events, 16 0 events, 16 0 events, 17 0 events, 17 . Understanding Financial Managementprovides some national level information on the portfolio of housing authorities with respect to the number of PHAs that manage the Public Housting and Housing Choice voucher programs and the typical size of each program. Every year, the thousands of these independent entities submit audited financial statements to their affiliated overseers. The audit training programs are distinguished by the depth of knowledge of the faculty. The module also covers those areas of the procurement process that are likely to have compliance issues. c. Public and Indian Housing reports are due 60 days after the agency's respective fiscal year end (FYE) as reported . Training, resources, and tools to improve the financial performance of PHAs throughout the United States Sponsored by HUD's Office of Public and Indian Housing, Office of Field Operations, this training focuses on internal controls and financial management topics related to the public housing and Housing Choice Voucher (HCV) programs. We have serviced clients in 12 states. wharton state forest camping reservations. Each session is taught by a CPA who has direct experience in conducting audits and by a subsidized housing professional who has broad knowledge of program rules and identification and resolution of compliance problems. There are several templates, including for example, templates for board reporting and procuring financial management related services. Explore collections of guided learning opportunities on a variety of topics. METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A LENGTH: Three days AUDIENCE: Accounting and finance staff, HCV program staff and executive directors PROGRAM LEVEL: Basic PREREQUISITES: None ADVANCED PREPARATION: None EXAM: The certification exam is available for $150. To view the module, the user will need to open and download the slide deck while in PowerPoint in order to launch the presentation. Our firms sole focus and area of practice on Yellow Book Audits enables us to excel at performing these Audit services effectively and affordably. This is what my research revealed about HUD Approved Training Expenses: A). Completing the financial management curriculum will assist grantees and subrecipients to comply with federal grant requirements, increase effectiveness, and maximize efficiency. Relatively few CPAs are qualified and can audit HUD programs. Learning Activity #7 (reviewed in slides 54 65) uses a public housing example to illustrate financial monitoring, but it can still be a useful exercise.Monitoring Using a Dashboard ReportSEVENProvides an exercise on how to improve a PHA's financial performance.Learning Activity 7: Monitoring Using Dashboard Reports. Furthermore, you can find the "Troubleshooting Login Issues" section which can answer your unresolved . Information on the procurement of legal services and banking institutions and the reasonableness of legal expenses is also provided as part of this session. (Audit Report: 2021-KC-0002) Opportunities Exist to Improve HUD's Communication to Renters The response should instruct the complainant where.. "/> Identifying Financial and Management Concerns. The session also discusses the various financial policies and procedures and the importance of tailoring the policy to each PHA. Discretionary costs are costs that Management decides to incur in the current period to enable the company to achieve objectives other than the filling of orders placed by customers. Register for upcoming training, webinars, conferences, and more. Learn about what HUD grantees are doing across the nation. This page will announce upcoming training opportunities and links to current and prior training materials. Financial Management 101: Introduction 2. This module also discusses common financial management deficiencies found in PHAs and introduces the concept of financial management.Launch Module 2Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs: all slides are relevant.Initial Identification of RiskONEIntroduces the case study for the Anywhere Housing Authority which is discussed as part of the other learning activities.Learning Activity 1: Identification of Risk, PHA Operating Environmentcovers the financial environment that PHAs operate in; the importance of ethics in managing the programs; explains the concept of waste, fraud, and abuse including HUD remedies for non-compliance; and key provisions in the Annual Contributions Contract (ACC).Launch Module 3Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)Handout 1 Module 3 Waste Fraud and AbuseHandout 2 Module 3 Risk IrregularitiesHCV-only PHAs: most slides are relevant. may wish to skip this module as it pertains to asset management, capital needs planning, and strategies for financing such as mixed finance and the Rental Assistance Demonstration program. Provides a budget to actual review exercise. Find point of contact information for HUD's grantees. Register for upcoming training, webinars, conferences, and more. This video, dynamic Prezi presentation, and self-paced training module helpgrantees understand Federal financial requirements, create an effective system for managing Federal funds, and improve program performance. register for training Submit RFP Up next: KEY CONTACTS Brian Alten Partner 215-940-7812 | Email See all People Talk to a public housing authority SERVICES Professional U.S. Department of Our licensed and certified HUD Auditors are completely qualified, trained and experienced with all facets of HUD Audits. Every year, over 250,000 Non Profit properties submit audited financial statements to the OMB CFDA Clearinghouse. Request in-depth assistance with implementing a HUD-funded program. Then, select "en espaol" to find the Study Guide in Spanish. To view the slide presentation and to enable the audio (the narration of the presentation) select Slideshow and then play slideshow From Beginning.. Users can access several financial management resources related to the training by clicking the Resources and Templates links above. Learning Activity #2 associated with Module 3 (reviewed in slides 50 66) pertains primarily to public housing management but can still be a useful exercise. The Public Housing Authority Financial Management training was developed to help improve the financial performance of PHAs throughout the United States. Find award and allocation amounts for grantees by year, program, and state. Financial Management Toolsprovides an overview of the different financial management tools that will be made available as part of this training for PHAs use and how the PHAs will be able to access the tools.Launch Module 10Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs: all slides are relevant as this module provides an overview of the available financial management tools accompanying this training. Find answers to frequently asked questions. We impart knowledge to avoid pitfalls that may affect you and your Yellow Book organization. The course is an introduction to the required concepts for auditing HUD Projects. This module also provides recommendations on the information and monitoring reporting that should be included in the monthly board package.Launch Module 9Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs should focus on slides 1 6, 35 48 and 50 53. may wish to skip this module as it pertains to establishing and managing operating and capital budgets. Our Lead Auditors have a minimum of 25 years in the multifamily industry; our staff Auditors have a minimum of ten years in the field. As with other federally-assisted housing programs, PHAs will be required to submit to HUD year-end financial statements on each project. These audits may be complex, specialized and require certain specific disclosures. provides some national level information on the portfolio of housing authorities with respect to the number of PHAs that manage the Public Housting and Housing Choice voucher programs and the typical size of each program. In addition to the 13 financial management training modules covering a variety of financial management topics, HUD is making available numerous financial management resources. Our leaders share their knowledge and insights through timely alerts and publications, national seminars, regional training sessions, customized on-site workshops, and webinars. The user will need to advance the slides with the right arrow button to move through the presentation. Lastly, any overhead fees and any fees for centrally-provided property management services, must be considered reasonable. neumann boundary condition. Are likely to respond to the amount of attention devoted to them by a specified manger. Information on the procurement of legal services and banking institutions and the reasonableness of legal expenses is also provided as part of this session.Launch Module 12Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs: all slides are relevant. Learning Activity #7 (reviewed in slides 54 65) uses a public housing example to illustrate financial monitoring, but it can still be a useful exercise. . Be sure to check out our Resources page for free insights, tips, policies and procedures related to COVID-19, TRACS, EIV, VAWA, PBRA RAD and much more. how to fix code p2422. covers various topics that should be reflected in a PHAs personnel policy and provides information on: 1) the factors that a PHA should consider when determining whether to keep certain activities in-house or to contract out; 2) HUD guidance and best practice for determining employee compensation; 3) time reporting policies and best practices for exempt and non-exempt positions; 4) OMBs guidance on employee bonuses and items to consider in conducting employee evaluations; and 5) best practices for PHA hiring policy and practices. In 2019, the training were held in HUD HHQ/District of Columbia, San Antonio TX , San Francisco CA, and Atlanta, GA Limitations on Use of Training Manuals and Source Documents accountants, auditors, and other financial staff of the PHA are encouraged to use the training manuals when preparing and reporting their annual financial information to HUD. On some very rare occasions when HudAuditors.com is unable to assist you, we will make a recommendation for one of our better matched peer network firms to fulfill your needs. Contact us for a no obligation, HUD Audit, USDA Multifamily, Non-Profit or Certified Audit quote. This information was originally distributed via HUD .gov. The reports must also be submitted to HUD electronically to REAC for processing within 90 days of their year-end for further review and potential inquiry from the Multi-Family assessment center and on some occasions DEC (Division Enforcement Center). Check the summons you received along with the complaint to find out how much time you have to file an answer in your case. TTY: 202-708-1455, Privacy Policy | Web Policies | Accessibility | Sitemap, Privacy Policy | Web Policies | Accessibility | Sitemap, Project-Based Accounting - Asset Management, Resident Opportunities & Self Sufficiency, PUBLIC HOUSING ENVIRONMENTAL AND CONSERVATION CLEARINGHOUSE (PHECC), Special Instructions for Preparing Financial Data Schedules for Moving to Work Agencies, Guidance on Asset Management Provisions in the Consolidated Appropriations Act, 2008, Special Year-End Financial Reporting Issues for Demolition/Disposition Projects, Information Regarding the September 2009 System Release and the Impact on Public Housing Agency (PHA) Annual Financial Submissions, Financial Data Schedule Line Definition Guide, Asset Management FASS-PH Submitting a Financial Data Schedule Pre-view Demonstration, FASS PH - Excel Version of the Financial Data Schedule, FDS Under Asset Management & Reporting Briefs, Eligible Uses of Operating Fund Program Receipts, Schedule of Key Asset Management Provisions, Supplemental Guidance on Phase-in Management Fees. Explore featured publications and browse regulations, policy guidance, toolkits, and other resources. The National Center for Housing Management (NCHM) offers training primarily geared to those who currently work for organizations involved in overseeing or operating rental housing that is funded in one way or another by HUD or by two other federal agencies, the Internal Revenue Service (IRS) and the Department of Agriculture. The training will be conducted as a webinar and will be in two four-hour sessions. Management Costs paid from the Management Fee: "The Management Agent Handbook, 4381.5 Rev-2, 6.39", it states: Get a Free Quote! As with other federally-assisted housing programs, PHAs will be required to submit to HUD year-end financial statements on each project. Browse the library of grantee reports and plans, organized by program. AFS Req'd) HUD-Insured Mortgage Database (incl. Further, PHAs will only be able to charge projects for services actually received. provides an overview of the module topics and learning activities covered in the web-based version of the training and the other resources and templates that are provided as part of this training. Helping professionals stay up-to-date with current trends and developments, BDO leaders share their knowledge and insights through timely alerts and publications, national seminars, regional training sessions, customized on-site workshops, webinars, and more. The modules included in this training are in PowerPoint format, presented as a narrated slide show. Learn through self-paced online trainings, recorded webinars, and more. Follow these simple actions to get Request For Tenancy Approval prepared for sending: Find the sample you require in our collection of legal forms . LoginAsk is here to help you access Hud Public Housing Accounting Manual quickly and handle each specific case you encounter. Relatively few CPAs are qualified and can audit USDA programs. USDA Rural Development Housing Program Audit Services. Financial Management 201: A Closer Look, 3. For more resources and assistance to support HUD's community partners, return to the HUD Exchange homepage. explains how to read Generally Accepted Accounting Principles (or GAAP) financial statements. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. Our Lead Hud Auditors have a minimum of 33 years in the industry; our staff Auditors have a minimum of ten years in the field. We believe that a fruitful and productive long term relationship develops for both parties when interactive time is spent together at the clients facilities as the work, understanding and facilitation unfolds. If you have attended or completed this training, select the button below to add the course to your transcript. Access training materials, take a practice exam, and register for the HUD Housing Counselors Certification Exam Yardi Voyager is a web-based, fully integrated end-to-end platform with mobile access for larger portfolios to manage operations, execute leasing, run analytics, and provide innovative resident, tenant, and investor services.. "/> Understanding the HUD handbook of rules and regulations, passing a classroom-issued exam and experience in the affordable housing sector are prerequisites.. "/> . Select the fillable fields and add the necessary data. These financial statements will include revenue, expense, and balance sheet items. We have unlimited peer resources in our regional and national Auditing community. We are hands-on Auditors that welcome face to face meetings and assistance for our Audit clients. This webinar will allow attendees to learn from two nonprofit developers who have developed affordable rental housing for low- and moderate-income families in their communities, including challenges faced and lessons learned. Send a File CPE Signup Pay Invoice Registration Register Online Print PDF Registration Financial Management 201: A Closer Look 3. Provides a case study and questions to identify various financial and management risk indicators. Offering seminars on topics that range from HUD accounting and public housing . 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. HUD's Office of Public and Indian Housing - Real Estate Assessment Center (PIH-REAC) is committed to providing our industry partners and contractors with comprehensive and effective training. We will help you comply with your specific Audit standards and requirements so you can continue to pursue your business ventures and avoid unwelcome surprises. Our firms sole focus and area of practice on HUD and Multi-Family Housing enables us to excel at performing these Audit services effectively and affordably. 2022. Browse the library of grantee reports and plans, organized by program. - 35 points 1.14.2 Experience with Public Housing Authorities of similar size and program composition as GHA- 30 points 1.14.3 Demonstrated record of availability of the principal fee accountant(s) for 2022 US Department of Housing and Urban Development, Financial Management 201: Examining the Parts. Procurement Compliancediscusses procurement guidelines and methods with an emphasis on the small purchase and micro purchase methods. HUD's Use of, Accounting for, and Reporting on CARES Act Funding April 26, 2021 Office of the Chief Financial Officer 2021-OE-0006 2021OE0006.pdf As of March 31, 2021, HUD had disbursed $3.4 billion and obligated $7.4 billion of its $12.4 billion in CARES Act funds. provides an introduction to ratio and trend analysis; information on ratios used to evaluate the Public Housing and HCV programs including ratio results for the Public Housing and Housing Choice Voucher programs at a national level. Let us demonstrate our skills in providing exceptional Audit services. The training will [] 1 event, 11 1 event, 11 10:00 am - 1:35 pm FHA Lender Update - Part 2 . By creating a HUD Exchange account, you will be able to register for upcoming training, access on-demand training, get credit for reviewing training material, and keep track of your learning activities in your learner transcript. Our Lead Auditors have a minimum of 25 years in the industry; our staff Auditors have a minimum of ten years in the field. Learning Activity #2 associated with Module 3 (reviewed in slides 50 66) pertains primarily to public housing management but can still be a useful exercise.Identifying Financial and Management ConcernsTWOProvides a case study and questions to identify various financial and management risk indicators.Learning Activity 2: Identifying Financial Management Concerns. Refunds and Cancellations: All cancellation requests must be received in writing (email or fax is fine). As an Audit House, our proprietary Auditing techniques and our nearly 60 year Auditing experience with thousands of these specialized HUD Audits, multifamily Audits and non-profit organization Yellow Book Audits enable us to help you save your organization time and save thousands in fees while you enjoy a seamless and painlessly efficient Audit experience. Project-based accounting provides the ability to track financial performance at the project-level. Effective Internal Controlsdiscusses the importance of the control environment, how to evaluate a PHAs control environment, and steps for creating a proper control environment. Resources and assistance to support HUD's community partners. We impart knowledge to avoid pitfalls that may affect you and your HUD development. U.S. Department of Housing and Urban Development (HUD). Asset Management Concept & Capital Needs Planning. Our firm is peer reviewed every 3 years and we remain current on new standards, regulations and trends through Continuing Education and peer to peer relations. Government Auditing Standards (Yellow Book) HUD Audit Guide. We will help you comply with Yellow Book requirements so you can avoid Inspector General scrutiny, penalties, sanctions and even termination from A-133 and Non-profit programs. These reports may require submission to the various concerned parties previously mentioned within a timely framework after their year-end for review and analysis. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We are an auditing team of regional peer reviewed CPAs that specialize in performing HUD Audits, A-133 Yellow Book Non-Profit Audits, USDA Rural Development Multi-Family, Other Certified Audits and other Non-Profit Organization Audits services and their related tax returns only. In this update, HUD included the following information regarding annual unit inspections : o HUD will not waive the requirement for an owner to perform annual unit inspections at this time. T: 202-708-1112 Our firms sole focus and area of Audit practice enables us to excel at performing these Audit and Tax services effectively and affordably. Nuts & Bolts of HUD Accounting, Budgeting & Reporting Seminar - Fort Myers, FL - Spring 2020 April 21-24, 2020 Marriott Sanibel Harbour Resort & Spa 17260 Harbour Pointe Drive Fort Myers, Florida 33908 LoginAsk is here to help you access Hud User Guide quickly and handle each specific case you encounter. We sometimes consult those resources to verify that our method of accounting or tax treatment or procedures utilized on complex or specialized matters is correct. They enjoy fieldwork and welcome the opportunity to interact with you and your staff on site. Relatively few CPAs are qualified and can audit Yellow Book programs. We will help you comply with HUD requirements so you can avoid penalties, sanctions and even termination from HUD programs. Bankers, suppliers and creditors want to review financial strength and condition of the entities. On January 4, 2021, HUD published an update to the HUD Multifamily Housing COVID-19 Q and A. Highlights Users may access and download several sample policies and procedures to adapt and use to assist in PHA financial management. All names of persons or companies in this manual are fictitious unless otherwise noted. Continuum of Care (CoC) Consolidated. HUD Employee Locator. Financial Statements & Annual Auditsexplains how to read Generally Accepted Accounting Principles (or GAAP) financial statements. Request in-depth assistance with implementing a HUD-funded program. b. all slides are relevant as this module provides an overview of the available financial management tools accompanying this training. Our firms sole focus and area of practice on USDA Audits enables us to excel at performing these Audit services effectively and affordably. The session also discusses the various financial policies and procedures and the importance of tailoring the policy to each PHA.Launch Module 5Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs: all slides are relevant.Effective Internal ControlsTHREE & FOURProvides exercises on how to conduct a risk assessment and identify control weaknesses.Learning Activity 3 and 4: Effective Internal Controls, Operating and Capital Budgetscovers the purpose and HUDs requirements for the Operating Budget, steps in preparing the Operating Budget, and the relationship between the Operating and Capital Budgets.Launch Module 6Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs may wish to skip this module as it pertains to establishing and managing operating and capital budgets.Preparing an Operating BudgetFIVEProvides a review of a sample budget.Learning Activity 5: Preparing An Operating Budget. Let us demonstrate our skills in providing exceptional HUD audit services. provides information on the activities that are allowed to be charged against the major federal funding sources received by PHAs (the Operating Fund, Capital Fund, and the Housing Choice Voucher programs). HUD audits are complex, specialized and require certain specific disclosures. Find award and allocation amounts for grantees by year, program, and state. Financial Management 101: Introduction, 2. importance of revenue in economics. data to HUD. Introductionprovides an overview of the module topics and learning activities covered in the web-based version of the training and the other resources and templates that are provided as part of this training.Launch Module 1Note: To enable the audio, select Play SlideshowDownload the TranscriptDownload the Slides (PDF)HCV-only PHAs: all slides are relevant. Our training courses will take you through all of the intricacies of the LIHTC program, understanding project and household compliance, and how to work with the rules, regulations, and best . They are members of the AICPA, GACQ, PCPS, and various State CPA societies, in addition to, but not limited to AHACPA and NATP. discusses procurement guidelines and methods with an emphasis on the small purchase and micro purchase methods. Let us demonstrate our skills in providing exceptional USDA Multi-Family audit services. Of persons or companies in this training training, webinars, conferences, and auditor warning.. Grantee reports and plans, organized by program and Single audit Act programs services! Management curriculum will assist grantees and subrecipients to comply with federal grant requirements, increase effectiveness, state. To support HUD 's grantees from HUD programs plans, organized by program has more than 1.6. 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Send a file CPE Signup Pay Invoice Registration register online Print PDF Registration management. Increase effectiveness, and other resources avoid penalties, sanctions and even termination from HUD and... Audited financial statements will include revenue, expense, and auditor warning flags the complaint to out... Those areas of the available financial management deficiencies found in PHAs and introduces the concept of financial management was... Necessary data and assistance to support HUD 's community partners, return to the various financial management... Civil rights laws audit clients HUD requirements so you can find the Guide! To support HUD 's grantees of this session ; Troubleshooting Login issues & quot ; to find out much! In PHAs and introduces the concept of financial management 101: introduction, 2. importance revenue! An emphasis on the different audit types, audit coverage, managing the audit training programs are distinguished the. 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Companies in this training, webinars, and more users may access and download several sample and!, project-based accounting provides the ability to track financial performance of PHAs throughout the United States for our clients. Refundable provided the request is received at least three weeks prior to the amount of attention devoted to by... Statements will include revenue, expense, and more is an introduction to the various financial policies and procedures the! The thousands of these independent entities submit audited financial statements on each project curriculum will assist grantees and subrecipients comply. The curriculum in the following order: 1 button to move through guidelines. Will only be able to charge Projects for services actually received # x27 ; d ) Mortgage! Filed under all relevant civil rights laws HUD 's community partners, return to the HUD homepage... Under asset management is project-based accounting provides the ability to track financial at...
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