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Disappearing Accounts

In recent months FASSUB users have been experiencing instances in which accounts disappear after the user adds the supporting detail. After researching this problem we have concluded that these anomalies occur most frequently when several details are added at once and saved in masse rather than adding and saving the details one at a time. While we realize that it takes a little longer to add and save details one at a time, we encourage users to do it this way in order to avoid validation problems and the potential loss of data. When accounts disappear it requires us to archive the submission and the user must start over.

Many MF property owners have not been able to submit their financial statements due March 30, 2008 (for owners with a fiscal year end = 12/31). The Office of Asset Management has authorized REAC to implement a blanket 30 day extension for fiscal year end 12/31/2007 only. Owners/auditors do not have to request an extension in FASS; the extension will be automatically implemented. The new FASS due date is 04/30/2008. This also means that owners who submit on or before 4/30/2008 will not be referred to the DEC.

Accounting Guidance for M2M Projects

The Office of Assisted Housing Preservation (OAHP) has developed an interactive Excel Spreadsheet which summarizes accounting guidance specific to Mark-to-Market (M2M) and Demonstration projects. The spreadsheet (along with all of the OAHP accounting letters) are available at the following site: http://www.hud.gov/offices/hsg/omhar/mhrowner.cfm The spreadsheet can be accessed via the link entitled, "Excel Workbook."

On January 11, 2008 the Office of Asset Management issued a memorandum concerning financial statements for leased nursing homes. The memorandum states that due to technical problems lessee financial statements will not be required to be submitted electronically for the December 31, 2007 fiscal year. Lessees with a regulatory requirement to submit financial statements must submit them in hard copy format to their local Multifamily Program Center. Financial statements for lessors must continue to be submitted electronically. For additional information please contact your local Multifamily Program Center.

User IDs Disabled after 90 Days of Inactivity

Starting November 1, 2007 Secure Systems is implementing a policy that all user IDs will be disabled after 90 days of inactivity. All users must log on at least once every 90 days to avoid having their IDs disabled. If your account is disabled please contact the Technical Assistance Center at 888-245-4860 to reactivate it.

Secure Systems - Multiple Users Now Prohibited from Using Same ID

Beginning December 09, 2007 you will no longer be allowed multiple logins into Secure Systems. This means if you are logged into FASSUB and attempt a login using the same ID on a different computer, your first login session will be terminated.

Release 7.0 of FASSUB Scheduled for June 22, 2007

Release 7.0 is scheduled for June 22, 2007. The new release contains various new accounts and new validation rules. Because of the new accounts and new rules any submissions that have been started but not finished (Draft Status, Validated status, CPA Review, CPA Attested) will be archived as part of this release. In other words, any submissions that are pending need to be submitted prior to June 22, 2007 or they will disappear and the data will have to be re-entered. Also, any administrative requests (e.g. extensions, waivers) that have been submitted but not approved or denied will be archived. Please read further for other important information.
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Terminology Changes in Response to SAS 112

In response to SAS No. 112, the names of accounts S2200-020, S3500-020 and S3600-020 will be changed from 'Reportable Conditions Indicator' to 'Significant Deficiencies Indicator.' These changes are scheduled to occur in early February.