create cross-agency standardization on both (a) the format of financial statements (also known as chart of accounts or supplemental schedules) and (b) the audit guidelines governing the preparation of audited financial statements (for those properties that must submit audited financials). (See Appendix 1 for a summary of program requirements.)

1130N Net Tenant Accounts Receivable 1135 Accounts Receivable ‐ HUD 1137 Medicare/Medicaid/Other Insurance Receivable 1138 Allowance for Doubtful Accounts (Medicare/Medicaid/Other Insurance Receivable) 1137N Net Medicare/Medicaid/Other Insurance Receivable 1140 Accounts and Notes Receivable ‐ Operations [Details] HUD MULTIFAMILY CHART OF ACCOUNTS New Accounts are marked with “new”, changes in descriptions are marked with “*” 6 Change in Net Assets from Operations 3247 Change in Unrestricted Net Assets from Operations 3248 Change in Temporarily Restricted Net Assets from Operations 3249 Change in Permanently Restricted Net Assets from Operations 2115 Accounts Payable - 236 Excess Income Due HUD 2116 Accounts Payable - Section 8 and Other 2120 Accrued Wages Payable 2121 Accrued Payroll Taxes Payable 2123 Accrued Management Fee Payable Consistent with GAAP accounting, this account includes management fees accrued but unpaid at the end of the accounting period. create cross-agency standardization on both (a) the format of financial statements (also known as chart of accounts or supplemental schedules) and (b) the audit guidelines governing the preparation of audited financial statements (for those properties that must submit audited financials). (See Appendix 1 for a summary of program requirements.) FASSUB, this account is located in the Supplemental Schedules with Financial Statement Data. tab with a secondary level of Balance Sheet, as well as, the Supplemental Data tab with a. secondary level of Reserve Account Data.

Statement of Changes in Financial Position. Incorporates revision by FASB, #95 as it relates to the Statement of Cash Flows. o Revises the account structure to conform to HUD's latest financial needs. o Updates Chart of Accounts and simplifies descriptions of accounts. o Revises and simplifies definitions of accounting/auditing terms

Statement of Changes in Financial Position. Incorporates revision by FASB, #95 as it relates to the Statement of Cash Flows. o Revises the account structure to conform to HUD's latest financial needs. o Updates Chart of Accounts and simplifies descriptions of accounts. o Revises and simplifies definitions of accounting/auditing terms The Financial Assessment Subsystem – Federal Housing Administration (FASS-FHA) is a financial management system that does not collect, maintain, or disseminate personal information from or about individuals. FASS-FHA collects information pertaining to the business financial records related to Public Housing Agencies (PHA) and housing properties. annual financial statements. Since this is a major revision, no asterisks are used to identify the changes. o Updates Chart of Accounts and simplifies descriptions of accounts. HUD CHART OF ACCOUNTS 4-1. Introduction 4-1 4-2. Organization of the Chart of Accounts 4-1 to HUD quarterly. Financial statements should be submitted within 60 days of the end of each quarter and within 90 days of the end of the borrower’s fiscal year. Financial statements should include a balance sheet, income statement, aged payables Exemption of Annual Financial Statement Submission for HUD-Assisted Properties with Section 515 Rural Rental Housing Mortgage Financing (Notice H 2013-16) Multifamily , Rural Development Free the Illinois Housing Development Authority Financial Reporting and Audit Guidelines for Mortgagors of Multifamily Housing Developments, and Consolidated Audit Guide for Audits of HUD Programs (as revised from time to time by HUD), Handbook 2000.04 (AHUD Handbook@).

For reporting purposes, the sum of the individual debit balances shall be reported in the annual financial statement under this account in order to disclose the 

Home / Program Offices / Chief Human Capital Officer / HUDCLIPS / Handbooks / Housing Handbooks / Uniform System of Accounts for Cooperative Housing Corporations (4370.3) Uniform System of Accounts for Cooperative Housing Corporations Handbook (4370.3) 1130N Net Tenant Accounts Receivable 1135 Accounts Receivable ‐ HUD 1137 Medicare/Medicaid/Other Insurance Receivable 1138 Allowance for Doubtful Accounts (Medicare/Medicaid/Other Insurance Receivable) 1137N Net Medicare/Medicaid/Other Insurance Receivable 1140 Accounts and Notes Receivable ‐ Operations [Details] HUD MULTIFAMILY CHART OF ACCOUNTS New Accounts are marked with “new”, changes in descriptions are marked with “*” 6 Change in Net Assets from Operations 3247 Change in Unrestricted Net Assets from Operations 3248 Change in Temporarily Restricted Net Assets from Operations 3249 Change in Permanently Restricted Net Assets from Operations 2115 Accounts Payable - 236 Excess Income Due HUD 2116 Accounts Payable - Section 8 and Other 2120 Accrued Wages Payable 2121 Accrued Payroll Taxes Payable 2123 Accrued Management Fee Payable Consistent with GAAP accounting, this account includes management fees accrued but unpaid at the end of the accounting period.

Chart of Accounts Format and Number System. Each account is typically assigned a number based on the order it appears on the financial statements. Balance sheet accounts are usually presented first followed by income statement accounts. Thus, accounts are assigned numbers and listed in this order: assets, liabilities, equity, income, expenses

The HUD Chart of Accounts is organized to provide complete and comprehensive project records. Since the project's annual financial statements are prepared  For reporting purposes, the sum of the individual debit balances shall be reported in the annual financial statement under this account in order to disclose the  HUD MULTIFAMILY CHART OF ACCOUNTS Accounts Payable - 236 Excess Income due HUD. 2116 expense items on this Profit and Loss statement. Accounts Payable ‐ 236 Excess Income due HUD. 2116. Accounts Payable ‐ Section 8 & Other. 2120. Accrued Wages Payable. 2121. Accrued Payroll Taxes 

3 Apr 2018 Claire Russ - Senior Manager, BDO PHA Finance Join us for the two-day Public Housing HUD Accounting session followed by a Income Public Housing , Section 8, and RAD programs' accounting and reporting activities. Setting up the LIPH chart of accounts; Preparing LIPH related journal entries, 

APPENDIX C: FASSUB Account Data Definition for an Owner-Certified AFS in accordance with HUD Notice 98-25 for nonprofit entity that is other than a cooperative corporation. APPENDIX D : FASSUB Account Data Definition for an Owner-Certified AFS in accordance with HUD Notice 98-25 for a nonprofit entity that is a cooperative corporation. The HUD Settlement Statement consists of basic information of the parties involved such as the buyer and seller, property details, settlement agent details and the figures (numerical data) involved. These figures and their recording in financial books will be discussed in detail in the paragraphs that follow. How to Record a HUD Settlement Statement of Changes in Financial Position. Incorporates revision by FASB, #95 as it relates to the Statement of Cash Flows. o Revises the account structure to conform to HUD's latest financial needs. o Updates Chart of Accounts and simplifies descriptions of accounts. o Revises and simplifies definitions of accounting/auditing terms The Financial Assessment Subsystem – Federal Housing Administration (FASS-FHA) is a financial management system that does not collect, maintain, or disseminate personal information from or about individuals. FASS-FHA collects information pertaining to the business financial records related to Public Housing Agencies (PHA) and housing properties.

14 Feb 2019 Audit of Financial Statements Performed in Accordance with financial statements in accordance with accounting principles generally accepted in the United States of. America Audits of HUD Programs issued by the U.S. Department of Housing and Urban Development, as shown in the attached chart.