Housing Counseling Webinar: Grant Financial Reporting
August 23, 2016
This webinar, held on August 23, 2016, 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 SHFAs, MSOs, and Intermediaries, the final report for LHCAs, and properly accounting for the grant in the organization's general ledger on an accrual basis of accounting. The 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. The presenters also conduct a detailed look at the various components of the quarterly reports as required in the NOFA, explain what each of the required documents mean and provide examples, and talk about the issues found in previous reviews related to the quarterly reports. Finally, the webinar provides a review of 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