HUD sponsored

Reviewing the Form SF-425 and Other Financial Reports Webinar

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March 15, 2016 | 2:00 PM - 3:00 PM EDT



Participants learn about 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. Participants 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. Participants also conduct a detailed look at the various components of the quarterly reports as required in the NOFA. Presenters explain what each of the required documents mean and provide examples. In addition, they will talk about the issues found in previous reviews related to the quarterly reports. Finally participants review the requirement for the grant to be maintained on an accrual basis of accounting in the grantee's accounting system.

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Tags: Housing Counseling Program