Housing Counseling Webinar: Reviewing the Form SF-425 and Other Financial Reports

This webinar, published on July 19, 2018, includes a detailed look at all 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, and the final report for LHCAs
• Properly accounting for the grant in the organization's general ledger on an accrual basis of accounting
• Conducting a detailed look at the various components of the quarterly reports as required in the NOFA

The training explains what each of the required documents mean and provide examples. In addition, it will discuss the issues found in previous reviews related to the quarterly reports. Finally, it reviews the requirement for the grant to be maintained on an accrual basis of accounting in the grantee's accounting system.

HUD's Office of Housing and Counseling