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on a service for additional information: The
Asher HUD Accounting AdvantageTM
The Fee
Accounting Advantage TM
The Year-End
Close Advantage TM
The Budget Advantage
TM
The Finance Department
Assessment Advantage TM
The Project Based
Accounting & Management Advantage TM
Housing Authority Audit &
Consulting Services
What is The Asher HUD Accounting Advantage TM
?
Housing authorities
have been forced to comply with changing regulations and reductions in subsidy from HUD.
The Asher HUD Accounting Advantage TM was created to provide housing
authorities “bundled” accounting & financial consulting services to assist
them with HUD compliance issues, efficiencies of operations, maximization of subsidy and
prepare for future planning opportunities. The
Asher HUD Accounting Advantage TM also
offers individual services for specific issues your authority may be exposed to.
The Fee Accounting Advantage TM
The Fee Accounting
Advantage TM is an alternate solution for processing your monthly accounting
information. We will maintain a general ledger
for all of your monthly accounting activity and provide monthly financial statements in a
format that you and your Board requires. Additionally, we will complete all budgeting and
year-end reporting to HUD/REAC and provide audit support.
On a monthly basis we will:
prepare monthly
bank reconciliations
prepare monthly
adjusting journal entries
record receipts
and disbursements
maintain a general
ledger of all authority activity
prepare monthly
financial reports custom tailored to your needs
prepare a monthly
FDS along with your Financial Ratios
prepare a
“simple” cash flow
prepare and submit
your 52681-B form, quarterly, to REAC
On an annual basis we will:
prepare your
Operating Budget and Subsidy calculation
submit your
un-audited FDS to REAC
prepare
work-papers that are ready for your auditor
provide audit
support during your annual audit
The Year-End Close Advantage TM
The Year-End Close
Advantage TM will assist your
authority in analyzing your general ledgers, providing adjusting entries and closing
entries. We will also prepare work-papers that
will ready for your annual audit. We will
prepare your Financial Data Schedule (FDS) to obtain the highest scores for your FASS
reporting (six financial ratios) and submit the FDS to REAC in the required time frame.
Additionally, we will provide an analysis of your Operating Reserves. The analysis of your
Operating Reserves will include the required separation of Section 8 Reserves for HAP
assistance and administrative fee revenue.
The Budget
Advantage TM
The Budget Advantage
TM will help your authority develop projections of revenues and expenditures
for your fiscal year or for a longer time frame. We will maximize subsidy from all funding
sources, including Operating Fund subsidy, Section 8 subsidy and grant funding, and
determine a beneficial allocation of expenditures. Our allocation plan will be OMB A-87
and “Project Based” compliant.
The Finance Department
Assessment Advantage TM
“Excellent choice for a new Executive Director or
Finance Director”
The Finance
Department Assessment Advantage TM will
find your issues before they become problems. We
will review your finance department for: compliance with HUD regulations, compliance with
GAAP & GASB regulations, readiness for Project Based Accounting, maximization of
subsidy, organizational structure, internal control and accounting functions, competency
of accounting staff, the budget process and reporting.
We will provide a report of observations and recommendations to correct any
deficiencies.
The Project
Based Accounting & Management Advantage TM
The Project Based
Accounting & Management Advantage TM will
assess your authority’s structure in the areas of accounting & reporting,
information technology, including software, personnel, asset management and maximization
of funding. We will then determine the proper implementation plan and assist in creating a
culture to successfully transition your authority to comply with Project Based regulation,
maximize subsidy, limit losses on subsidy, determine if any appeals apply, train your
staff and more importantly, ensure your authority is operating in the most efficient
manner.
Other Housing Authority Audit
& Consulting Services
Budgets
Development of
Operating Budget
Preparation of
Operating Fund Calculation. (PEL)
Completion of cost
allocation plan in accordance with Project Based Accounting Regulations (OMB Circular
A-87)
Trend analysis
Forecasts
Common size
analysis
Year-end
Reporting
Account
analysis
Prepare
work-papers
Prepare &
submit un-audited Financial Data Schedule (FDS)
Preparation of
Financial Ratios
Calculation of
Operating Reserves
Preparation of HUD
Form 52681 (New Construction, Mod. Rehab, Mainstream)
Preparation of
MD&A
Audit Support
Management
Reporting
Other services
52681-b reporting
(quarterly)
Annual Plan
Development of
policies and procedures manuals
Internal auditor
services
Forensic
engagements
Fiscal &
Operations assessment
Temporary
Accounting staffing Services
Fee Accounting
Section 8 funding
analysis
Pension analysis
Investment
analysis
Project Based
Accounting and Management Assistance
Procurement
reviews
Tenant file
reviews
On site Financial
Training
Capital Fund ,
HOPE VI, Replacement Housing Factor Grants
Audit Services
Mixed Financing
Assist PHA’s
developing not-for-profits
Preparing various
tax returns
Forecasts &
projections
Fairness Opinions
on capital fund leveraging
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