Accounting Brief No. 1- Auditor Independence Discusses auditor involvement in GAAP conversion entries and whether independence is impaired. (2pgs/22k)
Accounting Brief No. 2- Debt Classification A table summarizing different types of HUD debt and compliments GAAP Flyer No.4: Accounting for PHA Debt.(3pgs/27k)
Accounting Brief No. 3- Accounting Changes and Prior Period Adjustments An in-depth discussion of how accounting changes and prior period adjustments impact on GAAP prepared statements. (2pgs/26k)
Accounting Brief No. 4 - Audits Below the Single Audit Act (SAA) Threshold PHAs expending less than $500,000 in total Federal funds in a year. (1pgs/14k)
Accounting Brief No. 5 - Audit Cost Reimbursements Deals with the issue of whether audit costs of non A-133 audits can be reimbursed from Public Housing operating subsidy. (2pgs/19k)
Accounting Brief No. 6 - Compensated Absences and Capital Grants Discusses the accounting for compensated absences under grant programs. (3pgs/27k)
Accounting Brief No. 7- Disallowed Costs Discusses the proper accounting treatment of costs that have been disallowed as program expenditures (expenses) by an auditor.(4pgs/25k)
Accounting Brief No. 8 - Component Unit Resident Management Corporation (RMC) Costs Discusses the treatment of costs incurred by RMCs and its relationship to the Low Rent Public Housing program. (5pgs/27k)
Accounting Brief No. 9 - Comprehensive and CIAP Grant Draw Down Provisions An in-depth discussion on the treatment of Comp.Grant and CIAP funds transferred to the Low-Rent Public Housing program. (6pgs/33k)
Accounting Brief No. 10 - Clarification of PHA Reporting Requirements and OMB Circular A-133 Implications: A response to the many questions that FASS-PHA has received regarding the Financial Data Schedule (FDS) and the FASS-PHA Data Collection Form (DCF) reporting requirements.(9pgs/104k)
Accounting Brief No. 11 - Accounting and Financial Reporting for Nonexchange Transactions: GASB No. 33: Discusses the treatment of non-exchange transactions (operating subsidies and grants) upon implementation of Government Accounting Standards Board (GASB) Statement #33. This Statement is effective for PHA fiscal years beginning after June 15, 2000. (3pgs/43k)
Accounting Brief No. 12 - The purpose of this brief is to clarify operating and capital revenue reporting for grant programs using full accrual after GASB Statement No. 33 has been implem
ented. (Updated 12/28/2001)
Accounting Brief No. 13 - This brief discusses the specific changes that have been made to the Financial Data Schedule (FDS) to facilitate preparation of GASB #34 financial statements. The areas covered are the: (1) elimination and creation of FDS line items and (2) impact of these changes on a PHA's FASS score.
Accounting Brief No. 14 - Elimination Entries. This brief provides assistance on the use of the elimination column and reporting of elimination entries on the FDS. This brief covers the following topics: 1) the asset management reporting types and their applicability to the Elimination column; 2) proper reporting for Interprogram Due To/Due From; 3) proper reporting of elimination entries for balance sheet, fee-for-service, and operating transfers transactions ; 4) FDS lines typically associated with elimination entries; and 5) reporting of elimination entries for component units.
Accounting Brief No. 15 - Capital Fund Program Reporting. This brief provides assistance on the proper reporting of common CFP activities on the FDS. The brief covers the following topics: 1) reporting of beginning equity; 2) BLI accounts and FDS reporting for hard and soft costs; and 3) reporting of other Capital Fund program, Capital Fund Financing program, Central Office Cost Center (COCC), and Federal Awards expended.
Accounting Brief No. 16 - Reporting Models and Reporting Requirements for PHAs Administering Public Housing. This brief provides an introduction of the four reporting models that are a result of the asset management contained in the Operating Fund Final Rule. This brief covers the following topics: 1) the applicability of each reporting model and the FDS reporting requirements associated with each model; and 2) cost reasonableness requirements for PHAs reporting under asset management.
Accounting Brief No. 17 - Reporting Unit Months Available & Unit Months Leased. This brief provides assistance on how to report unit months available (UMA-FDS line 11190) and unit months leased (UML-FDS line 11210) for the Public Housing and Housing Choice Voucher (HCV) programs. Appendix A provides a summary chart of HUD’s PHA occupancy percentage calculations for the Management Operations and Capital Fund Program Indicators under the PHAS Interim Rule and the occupancy calculations under HUD’s Agency Priority Goal Reporting.
Accounting Brief No. 18 - Accounting Procedures for Recording Portability Transactions for the Housing Choice Voucher (HCV) Program. This brief provides information on the FDS line items and financial transactions involved in accounting for portability and fraud recovery related to port-in families by the Receiving and Initial PHA.
Accounting Brief No. 19 - Revenue Recognition for Housing Assistance Payments and Administrative Fees for the Housing Choice Voucher (HCV) Program. This brief provides information on the cash management requirements as provided in PIH Notice 2011-67 and the requirements effect on revenue recognition of HUD disbursed funds, equity balances (i.e., NRA) and other related items such as interest income on unspent HAP fund.
Accounting Brief No. 20 - Financial Reporting for the Housing Choice Voucher Family Self-Sufficiency Program. Note:This brief has been superseded by information contained in Accounting Brief No. 23 – Financial Reporting for the Family Self-Sufficiency (FSS) Program. Accounting Brief No. 20 should be used for historical reference only.
Accounting Brief No. 21 - Accounting and Reporting Procedures for Adoption of Government Accounting Standards Board (GASB) Statements Nos. 63 and 65. This brief covers the implementation of GASB Statements No. 63 and 65 as those standards pertain to Public Housing Authorities.
Accounting Brief No. 22 - Financial Data Schedule (FDS) Reporting for Projects Converting Under the Rental Assistance Demonstration (RAD) Program. This brief provides information and assistance in FDS reporting as a result of projects converting under RAD.
Accounting Brief No. 23 - Financial Reporting for the Family Self-Sufficiency (FSS) Program. This brief provides information on the FDS line items and financial transactions involved in reporting the Family Self-Sufficiency Program. Note: This brief supersedes information issued in Accounting Brief No. 23, issued in May of 2015. Summary of Changes.