Housing Counseling Webinar: Grant Financial Reporting - 2015
August 24, 2015
This training, published August 24, 2015, includes a detailed look at all of the financial grant reporting required under the HUD housing counseling grant agreement including preparing the quarterly report, Standard Form 425 (SF-425) for State Housing Finance Agencies (SHFAs), Multi-State Organizations (MSOs) and Intermediaries, the final report for Local Housing Counseling Agencies (LHCAs), and properly accounting for the grant in the organization's general ledger on an accrual basis of accounting.
HUD presenters review the composition of the Federal Financial Reports (SF-425), how this form should be completed; the meaning of each item described in it; and when and how often it needs to be completed and submitted to the grantees cognizant agency. They also conduct a detailed look at the various components of the quarterly reports as required in the NOFA and explained what each of the required documents mean and provide examples.
In addition, HUD talks about the issues found in previous reviews related to the quarterly reports and reviews the requirement for the grant to be maintained on an accrual basis of accounting in the grantee's accounting system.
Related Materials and Resources
Housing and Urban Development (HUD)
Tags: Housing Counseling Program