d. Financial Reports Financial Assessment (OMB No. 2535-0107) – system, FASS-PHA. 24 CFR part 902 Public Housing Assessment – System (PHAS) Subpart C-Phase Indicator #2 Financial Condition requires the PHA to provide annual reports on a PHA-wide basis (42 USC 1437d (j)(1)(K). Financial reporting requirements in 24 CFR section 902.33(a)(2) provide that the information be submitted electronically in the format prescribed by HUD using the Financial Data Schedule (FDS). Further 24 CFR section 902.35, condition scoring and “Financial establishes the procedures to be observed by the PHA. threshold,” The line items under the following headings contain Key Line Items – critical information: (1) Headings for HUD Programs and Activities (a) Asset Management Property, or AMP (Low-Rent Public Housing and Capital Fund Programs) (b) Component Units (Non-Profit Entities) (2) Line Items FDS Line 125 (Accounts Receivable Misc) – – FDS Line 144 (Inter-Program Due From) – – FDS Line 171 (Notes, Loans, & Mortgages Receivable – – FDS Line 172 (Notes, Loans, & Mortgages Receivable – – Past Due) FDS Line 174 (Other Assets) – FDS Line 176 (Investment in Joint Ventures) – FDS Line 347 (Inter-Program Due To) – – FDS Line 348 (Loan Liability Current) – – FDS Line 355 (Loan Liability Non-Current) – – FDS Line 10010 (Operating Transfers In) – – FDS Line 10020 (Operating Transfers Out) – – FDS Line 10030 (Operating Transfers From/To Primary – Government)
d. Financial Reports (OMB No. 2535-0107) – Financial Assessment system, FASS-PHA. 24 CFR part 902 – Public Housing Assessment System (PHAS) Subpart C-Phase Indicator #2 Financial Condition requires the PHA to provide annual reports on a PHA-wide basis (42 USC 1437d (j)(1)(K). Financial reporting requirements in 24 CFR section 902.33(a)(2) provide that the information be submitted electronically in the format prescribed by HUD using the Financial Data Schedule (FDS). Further 24 CFR section 902.35, “Financial condition scoring and threshold,” establishes the procedures to be observed by the PHA. Key Line Items – The line items under the following headings contain critical information: (1) Headings for HUD Programs and Activities (a) Asset Management Property, or AMP (Low-Rent Public Housing and Capital Fund Programs) (b) Component Units (Non-Profit Entities) (2) Line Items FDS Line 125 – (Accounts Receivable – Misc) FDS Line 144 – (Inter-Program – Due From) FDS Line 171 – (Notes, Loans, & Mortgages Receivable – FDS Line 172 – (Notes, Loans, & Mortgages Receivable – Past Due) FDS Line 174 – (Other Assets) FDS Line 176 – (Investment in Joint Ventures) FDS Line 347 – (Inter-Program – Due To) FDS Line 348 – (Loan Liability – Current) FDS Line 355 – (Loan Liability – Non-Current) FDS Line 10010 – (Operating Transfers – In) FDS Line 10020 – (Operating Transfers – Out) FDS Line 10030 – (Operating Transfers From/To Primary Government)
hud.docx