- Compliance with HUD, GAAP & GASB regulations
- Maximization of subsidy
- Organizational structure
- Internal control and accounting functions
- Competency of accounting staff
- The current budget process
- Implementation of project-based accounting
- Reporting accuracy and timeliness
- Budgeting and year-end reporting to HUD/REAC
- Work papers for independent auditors
- Financial statements in the format that you and your board require
- Bank reconciliations
- Adjusting journal entries
- Recording receipts and disbursements
- Maintenance of a general ledger of all authority activity
- Financial reports, custom tailored to your needs
- Submission of the FDS and scoring of your financial and management ratios
- Preparation of a “simple” cash flow
- Preparation and submission of monthly 52681-B form (VMS) to REAC
- Monthly phone call to discuss financial reports and any areas of concern that come to our attention
- Provide audit-ready work papers
- Prepare and submit your HUD-required Financial Data Schedule (FDS) to obtain the highest possible scores for your FASS and MASS reporting
- Submit the FDS to HUD’s REAC in the required time frame
- Deliver an analysis of your operating reserves
- Provide a report of observations and recommendations to ensure HUD compliance, if requested
- Determine best business practices for your housing authority
- Calculation of operating subsidy
- Estimates of HCV administrative fee revenue
- Development of public housing budgets (AMP & COCC budgets)
- Development of a consolidated, multi-program budget (LIPH, HCV, CFP, other grants and program revenues, etc.)
- Trend analysis, forecasting, common size analysis
- Analysis of projected Operating Reserves
- Asset management strategy
- PHAS assistance and appeals
- Organizational assessments
- Property performance enhancement
- Development of management and operational reports
- Property management staff training
- Compliance with HUD asset management requirements
- Fee for service / staff allocation assistance
- Corrective action plans for non-performing properties
- Long term asset management strategies and portfolio analysis
- Maintenance team utilization analysis
- Forecasting fee revenue to the Central Office Cost Center after a full or partial RAD conversion
- Analyzing existing debt for re-leveraging options
- General ledger accounting assistance with technical implementation
- RAD budget/pro forma preparation
- Analysis of first year through third year actual subsidy streams
- Financial Data Schedule preparation best practices
- Post-RAD staffing recommendations
Public Housing Authority Insights
Explore our most recent resources and thought leadership.
Meet our Public Housing Authority Leader
Brian Alten
Principal