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

This webinar, published March 19, 2019, includes a detailed look at all the financial grant reporting required under the HUD housing counseling grant agreement including reviewing 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.

The training reviews:

• The composition of the Federal Financial Reports (SF-425)
• How the SF-425 should be completed
• The meaning of each item described in the SF-425
• When and how often the SF-425 needs to be completed and submitted to the grantee's cognizant agency

The presenters:

• Conduct a detailed look at the various components of the quarterly reports as required in the Notice of Funding Availability (NOFA)
• Explain what each of the required documents mean and provide examples
• Discuss the issues found in previous reviews related to the quarterly reports
• Review 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 Counseling