Financial Assessment of Public Housing Agencies (Fass PHA)

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   WHAT’S NEW

• PIH NOTICE 2006-03, SECTION 8 HOUSING CHOICE VOUCHER AND FINANCIAL DATA SCHEDULE TREATMENT. As a result of the requirements contained in PIH Notice 2006-03, the Financial Data Schedule (FDS) input for specific FDS Line items will change. More
  
  
• Katrina Housing Disaster Assistance Program (KDHAP) Financial Data Schedule (FDS) Reporting: PHAs participating in KDHAP should report program revenue and expenses under "Other Federal Programs". Read more (12/06/05)
  
  
• Information Systems Documentation (11/15/05)
  
  
• CHANGES TO FILE DOWNLOADING PROCESS. As a result of infrastructure upgrades, new file downloading procedures for FASS-PH attachments will take effect on September 19, 2005 More.. (09/20/05)
  
  
• CHANGES TO SECURE SYSTEM WEB ADDREESS (URL). As a result of security upgrades, the Secure Systems URL has changed. More (02/24/05)
  
  
• CHANGES TO THE EXTENSIBLE MARKUP LANGAUGE (XML) INTERFACE As a result of security upgrades, the FASS-PH XML interface has changed. More (02/15/05)
  
  
• WAIVER REQUESTS!
  PHAs who are considering filing a Waiver Request, must adhere to the following: See Notice (12/07/04)
  
  
• Opinion Unit Clarification:
  Clarification on Opinion Unit Reporting on the REAC Data Collection Form for Financial Statement Audit Submissions for Fiscal Years Ending 6/30/2004 and forward. More... (11/16/04)
  
  
• Rejected Financial Submissions:
  how to avoid a Late Presumptive Failure (LPF). More... (11/02/04)
  
  
• Timely Submissions of Audits:
  how to avoid the submission “deadline crunch”. More... (08/17/04)
  
  
• PHAs Training is available on-line. (07/23/04)
  
  
• Substandard Government Audits:
  Are They Worth the Cost? More (07/07/04)
  
  
• FASS-PH Audited A-133 Threshold Reporting Requirements Change:
  The Director of OMB increased the single audit threshold from $300,000 to $500,000. Beginning March 31, 2004, PHAs that expend $500,000 or more in a year in Federal awards are required to have an audit conducted in accordance with Circular A-133. Accordingly, PHAs meeting the revised A-133 threshold must electronically submit their audited financial information according to the FASS-PH submission requirements. (03/22/04)
  
  
• CONSORTIA PHAs:
  FOR FURTHER GUIDANCE IF YOUR PUBLIC HOUSING AGENCY (PHA) IS PART OF A CONSORTIUM (02/09/04)
  
  
• GUIDANCE ON THE WAIVER PROCESS (02/09/04)
  
  
• GUIDANCE ON THE APPEALS PROCESS (02/09/04)
  
  
• Small Public Housing Agencies:
• Based on the Deregulation for Small Public Housing Agencies, Executive Directors may request a PHAS assessment in an exempt year for their PHAs. More...
• Frequently Asked Questions and answers relating to the Deregulation for Small PHAs. (02/09/04)
  
  
• Consortia and FASS-PH submissions— What are the FASS-PH filing requirements of a PHA that is a member of a consortium? More... (12/31/03)
  
  
• Financial Indicator Methodology and Analysis Guide For Fiscal Year (FY) Ended 9/30/03 and after. (01/06/03)
  
  
• EZ-FASS – Your one stop guide to PIH-REAC’s Financial Assessments. This two-page guide summarizes information needed for the financial assessment process. Have you ever wondered…
  
  
  • What are the current FASS-PHA indicators?
  • How many points is an indicator worth?
  • How are penalty points assessed?
  • How to submit financial information electronically?
  • Where you can find additional information?
    
    
  All of this information and more can be found on the EZ-FASS, a two-page summary including directions, summary charts and screen shots for the financial assessment process. Read More (10/08/03)
  
  
• Important:
  Deregulation for Small Public Housing Agencies. Read more (07/09/03)
  

• On-line Discussion Forum Now Available
  The FASS-PHA team is providing a Discussion Forum to create a community of users and provide the capability for users to discuss accounting, system, and other topics pertinent to the FASS Financial Submission process. Please access this new resource by following the applicable link below.
  
  
  • On Line Registration If you are a first time user.
  • LOG ON If you already have an account