Public Housing (PHA) Questions

  • Uniform Guidance Implementation Date

    I wanted to confirm the implementation date for PHA funding governed by its ACC. For Housing Choice Vouchers, Capital Funds,…

  • Negative Net Position Due to GASB68

    Do you know how HUD will or may respond if segments of a PHA have a negative net position due…

  • PHAs – food purchases

    Hi! I have a client that has contacted me regarding HUD disallowing lunch purchases for their board meetings. It's a…

  • RAD CFDA Number

    I am working on a RAD audit. The fee accountant has listed the RAD funds as Business Activities on the…

  • Reporting RAD on FDS

    Our PHA has been awarded a CHAP and we hope to close on 11/30/15. Our FYE is 06/30. During the…

  • Accruing Audit Fees

    In my years of auditing in Public Housing for myself and other firms we have never accrued the audit fee…

  • GASB 68

    Can I set up the GASB 68 information in a fiduciary fund instead of in the HA programs which are…

  • Recording Portability Transactions for the HCV Program

    I recently came across Accounting Brief #18 - Reporting portability transactions for the HCV program. Section 1.6 states that "it…

  • OCAF Effective Date for RAD Projects

    When would the 2017 OCAF adjustment be effective for a RAD project that has not yet closed? We expect the…

  • Negative HAP Equity

    I have a single program PHA that administers only Section 8 Housing Choice Voucher Program. Based on the income and…

  • 2012 Operating Subsidy Settlement

    Is there any guidance on how Housing Authorities are to handle the 2012 operating subsidy settlements they received recently? I…

  • Operating Reserve Lawsuit Funds

    I have several housing authorities that have received their operating reserve lawsuit money. The rumor is that the money can…

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