Hud operating budget. • HUD does not prescribe a specific budget format.

Hud operating budget The HA must use the HUD-prescribed categories • Part Three: Understanding How HUD’s Operating Subsidy is Determined • Part Four: Eligible Uses of Funds. HUD-required language may not be changed without the prior written approval of HUD. The 1999 request does not include any funds for Indian Housing Authorities (IHAs). PHAs are permitted to submit first-half actuals using either full accrual, modified, or cash basis Operating Budget revision submitted to HUD, if applicable, on: I certify on behalf of the above-named PHA that: 1. Handbook 7475. 2 million, $20. 1 Operating Budget Schedule of Nonroutine Expenditures Percent The information is the operating budget for t he low-income housing program and provides a summary of proposed/budgeted receipts and expenditures, approval of budgeted recei pts and expenditures, and justification of certain HUD publishes initial inventory for Projects Eligible for 2025 Operating Fund Grant1 09/16/2024 PH Portal Deadline for PHAs to complete SR-FRB submission (elections, revisions, or PHAs must obtain approval for their operating budget from their board before the start of their 2024 FY (FYB). •Define methods used to increase revenue and decrease expenses. be carried forward to Lines 150 through 200 of Form HUD-52564, Operating Budget. The 2022 budget included a $100 million draw from reserves, and the 2023 budget includes a $65 million withdrawal. Applicants can check the Code of Conduct List to confirm HUD has determined their Code of Conduct complies with 2 CFR 200. 1) Prior to the beginning of its fiscal year, a PHA shall prepare an operating budget in a manner prescribed by HUD. 2 , Supplement to HUD 2 PHAs must obtain approval for their Operating Fund budget from their board before the start of their FY. What is the Operating Budget Form? In the past, PHAs were required to complete the Operating Budget form - HUD form number 52564. O. Department of Housing and Urban Development Keywords: Financial Management, HUD Last modified by: Stefanie Falzone Created Date: 4/24/2017 12:58:57 PM Other titles: BUDGET PUBLIC AND INDIAN HOUSING PROGRAMS Operational Performance Evaluation and Risk Assessment - - 24 Public Housing Fund 6,084 6,616 7,929 Public Housing Operating Fund 154 68 3 Public Housing Capital Fund 1,470 976 405 Self-Sufficiency Programs 98 115 233 HUD 1,546 1,873 1,877 Salaries and Expenses, OIG 144 121 147 2025 President's Budget 256,700 546,000 - 802,700 281,000 388,000 Change from 2024 (103,300) 70,337 - (32,963) (14,000) 12,000 the difference between HUD-approved operating costs of the project and the tenants’ contributions toward rent, as well as direct funding for construction through Capital Advances. ” (FY 2020 NOFOs VI. A-123, Management Accountability and Control, HUD requires that PHAs prepare an operating budget annually for the Public Housing program. 1 Previous editions are obsolete Page 1 of 1 Operating Budget U. 3% average. If HUD approves any amount in excess of one-half of line 600, Form HUD-52564, the PHA shall sub- The purpose of this Operating Budget Template Tool Guidance is to provide comprehensive instructions for Public Housing Authorities in preparing their annual operating budgets. 315 Submission and approval of operating budgets. 06/3 0/20 Operating Budget Tool The Operating Budget Tool can be used in preparation of the PHA’s budget (see also the accompanying document that provides guidance on the tool). OMB Circular No. 5 %âãÏÓ 529 0 obj /Filter/Adobe. Department of Housing and Urban Development. gov 4 CFR 990. Housing through the Section 202 program provides seniors with HUD’s Budget includes $800 million to assist communities to improve energy efficiency, reduce greenhouse gas and other pollution, and make CY 2021 Operating Fund Grant This CY 2021 Formula Income Inflation Factor Guidance document explains how the data is derived, describes the calculations that are HUD will pre-populate the form HUD-52723 using rental income data from the Financial Data Schedule (FDS) Net Tenant Rental Revenue, Line Item 70300. 1 and 7. Box 23268, Washington, DC 20026-3268 Toll The application process for these funds are streamlined. Operating Fund – $5,050 Operating Budget Template • HUD requires an annual operating budget for the Public Housing program – Public Housing budget must be approved by PHA Board – Budgets for other programs administered by the PHA is not required but is recommended • The Operating Budget tool is an Excel-based file Fiscal Year 2025 HUD Budget Statement by Secretary Marcia L. HUD's proposed Budget allocates budget authority across programs and for staffing and other management and administrative expenses. An Annual Statement/Budget will trigger the budget line item spread in LOCCS. SUMMARY The Continuum of Care program, formerly known as Shelter Plus Care is a program which has been administered by the Housing Authority since 1997. Annual Eligibility Process. 2025 Funding Summary of Budget Data and Justifications 5 Operating Budgets 24 CFR 990. 5 million families. PHAs must complete the HUD-52722 to obtain the UEL input for Form HUD-52723. REGULATORY AND OPERATING AGREEMENT [ALL PUBLIC HOUSING] THIS REGULATORY AND OPERATING AGREEMENT (the “Agreement”) is entered into as of this [1] day of [1] , 20 [1] , by and between [2] The Operating Budget shall estimate the Project For HUD 221(d)(4) loans, 2-4% (often 4%) of the total loan amount is required in working capital reserves, and 3% of the total loan amount is required as an operating deficit reserve. Department of Housing OMB Approval No. L. Provided to housing authorities by HUD, it is for operating and How can I most effectively manage my HUD CoC-funded program budget? The use of budget controls is necessary to help recipients or subrecipients stay accountable to their approved annual budget. HUD Secretary Carson's testimony for the March 4 House T-HUD Subcommittee hearing on HUD's FY 21 budget The Operating Budget is the tool used to analyze the expenses of a project during operations. Activities. The 2025 Budget includes funding that will strengthen the foundation of the Department in three key areas: 1. For operating budgets, the system must be able to establish a processing timeframe that does not exceed 45 days as well as record the actions taken to obtain delinquent operating budgets. . The operating budget must be approved by the PHA’s Board. At this point, the PHA can provide $10,000 in operating subsidy to replenish the Operating Deficit Reserve. 69 billion in gross discretionary appropriations for HUD, which is the amount of new EPIC will not allow PHAs to submit an Annual Statement/Budget for the FY 2024 grant until the Field Office (FO) has approved the document package in EPIC. If services are added or enhanced, service costs may increase. Project-based budgets must be approved by the PHA's Board prior to the start of each fiscal year. According to the administration this is $258 billion in new funding authority, which will provide rental assistance, among other things, to 4. All expense items are compared to the budget. Usually, HUD bases this estimate on the same data it uses to pre-populate the 52722 and 52723. All statutory and regulatory requirements have been met; 2. PBRA – two of HUD’s largest programs that increase access to affordable housing – and the operating subsidy formula in the . The PHA Board Resolution (Form-HUD-52574) approving the PHA’s operating budget must be submitted in the Operating Wed Fund Portal. nonprofits receiving federal funds. 2577-0026 (exp. In February 2023, HUD deployed a web-based version of the Operating Fund (OpFund) to HUD-52539-B: Part II Of the Housing Assistance Payments Contract Moderate Rehabilitation: HUD-52540: Project Accounting Data (PAD) HUD-52564: Operating Budget: HUD-52570: Grant Agreement, Indian Home Investment Partnership Program Grant Acceptance Provisions: HUD-52570-A: Grant Funding Approval Indian Home Investment Partnership Program: HUD-52574 The Section 202 program supports nonprofit entities in building and operating affordable housing for very low-income elderly tenants. 1 Budgeting Overview. 7B for the Housing Choice PHAs can email questions to PIH_HIP@hud. Knowledge Check - Budgeting. Section 8 Other Operating Budget Documents _____ _____ _____ OMB Approval 2577-0026 _____ Form HUD-52564: Operating Budget Form HUD-52566: Schedule of All Positions & Salaries Form HUD-52567: Schedule of Nonroutine Expenditures Form HUD-52571: Schedule of Administration Expense Other than Salaries Form HUD-52573: Summary of Budget Data & Justifications The publication discusses annual and quarterly operating budgets, support schedules for such budgets, central project office budgets, a budget conversion schedule, and more. Ginnie Mae Securitization of Risk-Sharing Loans: . The FFY 2023 Shortfall Funding encompasses a $25 million set-aside of Public Housing Operating Fund Grants to assist eligible Public Housing Agencies (PHAs). Author: Arnold, Rachel M The Department of Housing and Urban Development (HUD) is responsible for creating healthy, safe, sustainable, and inclusive communities and affordable homes. Upon approval, PHAs are required to submit the board budget approval to HUD through form HUD-52574 by the HUD-speci ed deadline (refer to the table). •Explain how to read a PHA budget. Section 202 and Section 811 Programs, TBRA . Major building systems include form HUD-52566 (3/95) Page 1 of 2 ref Handbook 7475. to housing authorities by HUD for operating and maintenance expenses. HUD provides Operating Subsidy grants for public housing at the project level on a calendar year basis. APPENDIX 3 - Statement of Financial Position: PDF. The program is HUD’s budget stems from the Federal budget process under the authority of these laws, the Submission and Execution of the Budget, and the HUD Office of the Assistant Chief Financial Officer for Budget Standard Operating Procedures (SOPs. Slide 7: Public Housing Operating Budget Requirements. Visit the Operating Funds page on HUD. 50075. Public Housing Formula Grants (Operating Expenses) 5,039 5,109 5,133 Public Housing Shortfall Prevention 25 25 50 Emergency Disaster Grants 20 20 20 Subtotal, HUD Discretionary Budget Authority (Gross) 70,678 77,158 73,301 1-5. 04/30/2016) Office of Public and Indian Housing - Real Estate Assessment Center (PIH-REAC) Previous editions are obsolete form HUD-52574 (04/2013) Budget FYE 12/31/2023 3/31/2023 6/30/2023 9/30/2023 First Half Actuals Due Date : The date when the first-half actuals will be due to HUD in the OpFund Web Portal. 2024 Annualized CR level. The application process for these funds are streamlined through the OpFund Web Portal. Create, edit, and share operating budget schedule of from your iOS smartphone with the pdfFiller mobile app. A well-structured program budget ensures that an organization considers all operational costs needed to manage a program and adheres operational efficiencies, leading to significant cost savings, employee empowerment through self-service tools, and greater compliance posture. 4 . Most of the budget authority funds programs to help The budget request was released shortly after the enactment of the Consolidated Appropriations Act, 2024 (P. Under the CR, HUD can only obligate on a monthly basis. It aims to ensure that PHAs align their financial planning with HUD requirements while promoting best practices in budget preparation. The PHA Board Resolution (HUD Form 52574) approving the PHA’s operating budget must be submitted to the appropriate Field Office prior to the beginning of the PHA’s fiscal year. The second column is titled “Capital Fund. HUD No. •List internal controls for managing budgets. Variances are (2) HUD may direct the PHA to submit its complete operating budget with detailed supporting information and the Board resolution if the PHA has breached the ACC contract, or for other reasons, which, in HUD's determination, threaten the PHA's future serviceability, efficiency, economy, or stability. The information is the operating budget for the low-income housing program and provides a summary of form HUD-52564 (06/2019) ref. Each video will help PHAs understand their asset management and reporting responsibilities in the project-based voucher (PBV) program following repositioning actions leading to PBVs. Form HUD-52574 Public Housing Operating Budget, Supporting and Launch Module 6 Note: To enable the audio, select “Play Slideshow” Download the Transcript Download the Slides (PDF) HCV-only PHAs may wish to skip this module as it pertains to establishing and managing operating and capital budgets. 1 In HUD’s database system, the Section 8 202s are referred to as Section 202/8 while projects with PRAC This module describes the purpose of Public Housing Authority (PHA) budgets and the operating budget process. The document addresses general administration, operating budgets, requirements related to tenant eligibility, and miscellaneous record-keeping and reporting requirements. 6 billion – essentially level funding compared to FY24 – through the appropriations process for affordable housing and homelessness programs. The Enterprise Service Delivery investment was initially funded in 2022. BUDGET AUTHORITY BY PROGRAM COMPARATIVE SUMMARY, FISCAL YEARS 2022 - 2024 (DOLLARS IN MILLIONS) The information is the operating budget for the low-income housing program and provides a summary of proposed/budgeted receipts and expenditures, approval of budgeted receipts and expenditures, and justification of certain specified as shown on form HUD-52567. then the operating pro forma is acceptable to HUD for purposes of RAD conversion. For project applicants with multiple CoC Program-funded projects, HUD built functionality into the HUD-2880 in the Project Applicant Profile so project applicants are only required to fill out the form’s fields once for the combined total amount for all YHDP projects being submitted. Chart 1: NYCHA Expenditures Budget by PS and OTPS, (Dollars in Millions) Source: NYCHA NYCHA Operating Budget Appendix A presents NYHA’s 2022-2028 Budgets, including its 2024-2028 Adopted Operating Budget, by major expense and revenue categories. –HUD’s Office of Inspector General (OIG) Audits –Other HUD Reviews •The Financial Management Concept. For submittals related to the CY 2024 Op Sub (which is the PHA’s FYE in 2023), PHAs may Note: The Operating Fund Program only Accepts the Electronic Forms posted below unless otherwise approved by HUD Field Offices. 3-7. As mentioned, in the beginning of the Funding Year before HUD collects Operating Subsidy tools for each project, HUD funds PHAs based on an estimate of funding eligibility. The Chapter cites specific regulatory This section “Public Housing Operating Budget and HUD requirements” provides HUD’s requirements surrounding the development and presentation of an operating budget. Editing/Revising Five-Year Action Plans: Some PHAs may not have an approved “Operations requests for leased structures, supportive services, operating, or HMIS budget line items in renewal project applications. Form HUD-52574 Public Housing Operating Budget, Supporting and Related Forms. • HUD does not prescribe a specific budget format. Preparing an Operating Budget FIVE Provides a review of a sample budget. 2577-0026 Approving Operating Budget and Urban Development (exp. For submittals related to the CY 2024 Op Sub (which is the PHA’s FYE in 2023), PHAs may Download a blank fillable Form Hud-52564 - Operating Budget in PDF format just by clicking the "DOWNLOAD PDF" button. 55(b)(1)); Property taxes and insurance (§ 578. For submittals related to the CY 2024 Op Sub (which is the PHA’s FYE in 2023), PHAs may operational efficiencies, leading to significant cost savings, employee empowerment through self-service tools, and greater compliance posture. the past, this column was used as the primary operating budget of the Low Rent Housing Program. The PHA's Board of Commissioners shall review and approve the budget The purpose of this Chapter is to provide PHAs with conceptual guidance regarding preparation and administration of the Operating Budget. President’s Budget Would Slash and Eliminate HUD Programs. 8% for 2025, half a percent below the current year’s 5. Additional information: Why Prepare an Operating Budget? HUD requires PHAs to prepare an operating supporting budget documentation for each specified budget item. The Operating Fund Program is authorized under the United States Housing Act of 1937 (1937 Act) (42 U. Budgets must be submitted in the OpFund Web Portal and This list is not specific to your PHA, but rather is a list of operational improvements that HUD has historically recommended to insolvent PHAs. PPKLite/Location()/M(D:20220414091916-04'00')/Prop_Build >>>/Reason()/Reference[>/Type/SigRef>>]/SubFilter/adbe. 2, Financial Operations and Accounting Procedures for Insured Multifamily Projects, and HUD Handbook 2000. CHAPTER 6: HUD CHART OF ACCOUNTS: PDF. The President’s 2025 Budget for HUD: protects and expands rental assistance for low-income families; provides on operating budgets and budget revisions. The per unit month (PUM Form HUD-52566 (3/95) ref Handbook 7475. This webpage provides information on Shortfall Funding. The operating subsidy is the primary source of operating revenue for most PHAs. by the PHA, received HUD approval, and submitted an Annual Statement/Budget for the award in HUD’s Energy and Performance Information Center (EPIC) system. Public Housing Fund. 1 HUD publishes initial inventory for Projects Eligible for 2025 Operating Fund Grant1 09/16/2024 PH Portal Deadline for PHAs to complete SR-FRB submission (elections, revisions, or PHAs must obtain approval for their operating budget from their board before the start of their 2024 FY (FYB). Approved costs are the budget line items (BLIs) specifically approved by HUD in the recipient’s grant agreement. APPENDIX 2 - Monthly Revenue/Expense Schedule: PDF. HUD is calculating amounts conservatively until a full budget is passed. , the maximum authorized operating reserve at the end of fiscal year 1986 would be one-half the budgeted total routine expenses for fiscal year 1987. ” This column is used to budget the use of the Capital Fund Capital Fund Program exceeds the requirements as described in table 4. The PHA has sufficient operating reserves to meet the working capital needs of its developments; 3. 318(c). Capacity Building Operating Guidance. BUDGET AUTHORITY BY PROGRAM COMPARATIVE SUMMARY, FISCAL YEARS 2020-2022 (Dollars in Millions) 2020 2021 2022 ACTUAL ENACTED REQUEST Public Housing Operating Fund 1 PHAs must obtain approval for their Operating Fund budget from their board before the start of their FY. (funding the program through the property’s operating budget or other eligible project resources) Developing HUD Program Budgets Understanding program budgets is crucial for new . 112-55, permits HUD to adjust the CY 2012 Operating Fund allocation by up to $750 million from excess reserve amounts by PHAs. Do BUD 7 OPERATING BUDGET BUD 7-1 Salaries and Expenses, HUD BUD 7-2 Working Capital Fund 9 APPENDIX 2 COMMITTEES, MEETINGS, AND CONFERENCES Use this primary subject for material regarding committees, The HUD Budget and Accounting Handbook is the official publication through which the Chief Financial Officer of the Department of Housing and Urban Development (HUD) prescribes and operations. Per Unit Per Month (PUM) The Per Unit Per Month (PUM) is an analysis of a property’s income and expenses as an average Operating Budget submitted to HUD, if applicable, on: Operating Budget revision approved by Board resolution on: Operating Budget revision submitted to HUD, if applicable, on: I certify on behalf of the above-named PHA that: 1. Operating Budget and Replacement Reserve The FFY 2012 Appropriations Act, P. The ACC Amendment a PHA with a Rolling Plan is currently operating under a plan covering 2020 through 2024. Operating Fund purposes and may also use up to 100% of their Operating Subsidy for Capital Fund purposes. C. 6 billion in discretionary spending with another $185 billion in mandatory spending over 10 years. The learning objectives for this part of the series are to discuss the eligible must be budgeted in BLI 1406 in LOCCS and included in approved 5-year action plans and budgets in EPIC. • For additional details on requested funding levels for specific programs and Operating Fund Tools (HUD-52723 and HUD-52722) Annual and 5-Year PHA Plans; PHA Board Resolution (HUD-52574) PIH Email Notifications Repository; Operating Fund Data and Reports; Public Housing Document Repository; SF-424, HUD-50071, and SF-LLL; SF-425 and grant closeout; Small Rural Frozen Rolling Base; Rate Reduction Incentive they are benchmarks against which HUD staff review the operating budgets proposed by property owners on the basis of the actual costs incurred during the first full year of operations and increases in . 69,384 61,136 77,802 a/ 2021 Appropriation includes $695 million designated as an emergency pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency PHA Board Resolution U. This due date is 30 days after the mid-point of the PHA fiscal year end. form-HUD-52722: Operating Fund Calculation of Utility Expense Level - PHA-Owned Rental Housing (MS Word) form-HUD-52723: Operating Fund Calculation of Operating Subsidy - PHA-Owned Rental Housing (MS Word) 2023 OPERATING FUND (OPFUND) SHORTFALL FUNDING. 2 . For a table of FY2022 requested funding levels compared to FY2021 enacted funding levels for selected HUD accounts, see Table 1. 1 U. and . Code of Conduct e-library. Overview. Primarily, project-based budgets will be used for internal PHA planning purposes. $977 million less than the 2020 enacted level under the Public Housing Operating Fund. Overall, the budget request proposes $72. The Budget moves $672 million to the Moving to Work Account for Public Housing purposes, which is not HUD data on operating reserves show that approximately 60 PHAs have negative operating reserves totaling $20 million. You may take advantage of a NYCHA has relied heavily on operating reserves to improve services and meet the demands of the HUD Agreement. The President’s Budget provides $32. Instructions for Preparation of Form What can my program spend CoC operating funds on? In general, the following costs are considered eligible: The costs of maintenance and repair of housing not included in the lease (§ 578. BUDGET APPROVAL - GENERAL PROCESS AND DELEGATIONS OF AUTHORITY ANNUAL OPERATING BUDGET - HUD-92547A 3-1. The HUD approved cost to operate the project is established through the annual submission of the project’s operating budget. A program budget . gov. (See Appendix 1) One of the primary responsibilities imposed by the by-laws on the initial and subsequent Boards of Directors of a cooperative is to adopt an BUDGET-BASED RENT ADJUSTMENTS FOR MARK-TO-MARKET PROPERTIES Section 1. 04 Rev-2, Consolidated Audit Guide for Audits of HUD Programs, as such handbooks may be amended from time to time. Users should review the Small Rental Rehabilitation Program Overview, Considerations, and Strategies prior to using this tool. CHG-1, proposed Budget, investing in critical staffing and information technology needs to strengthen HUD’s capacity to deliver on its mission. The PHA Board Resolution (the form HUD-52574) approving the PHA’s operating budget must be submitted in the Operating Fund Web Portal. • See Notice PIH 2016-18 for guidance on full flexibility of Op and Cap for small PHAs 3 Pursuant to 24 CFR 990. 1 REV/. 55(b)(2))Scheduled payments to a reserve fund for the future replacement of major buildings systems. Benefitting Other Programs • Eligible costs that exceed the amount directly attributable to the public housing units (NEW) Asset Repositioning Post-Closing How-To Video Series The goal of the video series is to explain and discuss common issues and activities that occur post-repositioning. Please see the list below. 3 REV-1 2 June 2019 SECTION OF A-11 RESPONSIBLE ORGANIZATION OMB Circular A-11 INELIGIBLE ACTIVITIES Not Related to Public Housing Not in 5-Year Action Plan More than Modest Design Fails to meet OMB Circular A-87/2 CFR Part 200 requirements Operating Assistance - except as provided through transfers to BLI 1406. PHAs have been unable to collect rents at pre-COVID levels impacting their ability to operate. Submission Requirements (Section 6) 23 • Recap, in consultation with The HUD-52723 Operating Subsidy Calculation form is the primary form used to determine the eligibility amount. c. First, HUD requires PHAs to prepare and maintain operating budgets for every project in a way that allows The President’s budget proposal for HUD requests $72. Every project must be guided by a budget. PHAs were required to complete four other supporting schedules. Additionally, the What is a Budget Based Rent Adjustment (BBRA) When current rent levels are not sufficient to cover anticipated or unavoidable increases in operating costs, Section 202/PRAC and Section 811/PRAC owners may request a rent adjustment based on an evaluation of the project’s operating budget Manage the apportionment process with OMB and the allotment of funds to HUD offices; Perform analysis of budget submissions, legislative proposals and proposed regulations; Establish and implement budget and funding policies and procedures; Maintain departmental budget systems; and ; Align the budget to strategic planning and performance reporting. This allows HUD to review and evaluate budget proposals for compliance with regulatory requirements and to monitor actual expenditures against approved budget estimates. Though HUD is The Department of Housing and Urban Development (HUD) on December 11 announced the 2025 Operating Cost Adjustment Factors (OCAFs) with a national average of 4. 2d. 315 - Submission and approval of operating budgets. 315, PHAs are required to prepare an operating budget and have it reviewed and approved by resolution by its Board of Commissioners. 1437g). Interaction All expenses interact with the operating budget. Operating Expenditures Summary of Staffing and Salary Data PHA balances the “piggy bank” in the revised Annual Statement/Budget, it can submit it to HUD; for successful Budget submissions, HUD will spread the BLIs for the corresponding grant in LOCCS within a few business days. is a detailed estimate of all costs required to complete project objectives. form-HUD-52722: Operating Fund Calculation of Utility Expense Level - PHA-Owned Rental Housing (1/28/20 - MS Word) form-HUD-52723: Operating Fund Calculation of Operating Subsidy - PHA-Owned Rental Housing (1/28/20 - MS property’s operating budget, or through another arrangement. 07/31/2019) Public reporting burden for this collection of information is estimated to average 10 minutes per response, including the time for reviewing Note: The Operating Fund Program only Accepts the Electron Forms postied above unless otherwise approved by HUD Field Offices. HUD-52564: Operating Budget: HUD-52570: Grant Agreement, Indian Home Investment Partnership Program Grant Acceptance Provisions: HUD-52570-A: Grant Funding Approval Indian Home Investment Partnership Program: HUD-52574: PHA/IHA Board Resolution (06/2019) HUD-52580: Inspection Checklist Housing Choice Voucher Program (07/2019) HUD-52580-A Total, Net HUD Budget Authority. (a) Required documentation: (1) Prior to the beginning of its fiscal year, a PHA shall prepare an operating budget in a manner prescribed by HUD. • Revenue and expense reports should be reviewed each month. U. •Board role in financial reporting. Department of Housing and Urban Development Office of Public and Indian Housing Real Estate Assessment Center (PIH-REAC) OMB No. Fudge on the President’s Fiscal Year 2025 Budget Biden-Harris Administration continues investments to end homelessness, expand access to homeownership, and increase affordable housing units available across the country. What is an Operating Budget? Example: PHA budgets $200,000 in tenant rent. To complement these investments, the Budget provides a total The Department of Housing and Urban Development (HUD) is responsible for creating healthy, safe, sustainable, and inclusive communities and affordable homes for all. For more information on the implementation of this offset, see notice PIH 2011-55. Budgets and Budget Controls. In a recent call with HUD, officials highlighted the following things to keep in mind regarding HUD’s calculation and obligation of 2024 Public Housing Operating Funds under the continuing resolution (CR). • For additional information on HUD’s budget request, see FY2025 Budget Appendix-HUD. •Understanding the operating budget process. Similar to the annual set-aside in see HUD’s FY2022 Congressional Budget Justifications. HUD Handbook 4370. • Small PHAs are required to include Operating Subsidy used for Capital Fund purposes in an approved 5-year action plan and budget submitted to HUD. Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are Operating Funds. Recipients and subrecipients must understand the difference between approved and eligible costs. form HUD-52564 (06/2019) ref. HUD provides annual operating subsidies to Public Housing Agencies (PHAs) to assist with operations and management expenses, including, administration, maintenance, and costs related to mixed finance projects. It HUD Supportive Housing Program). § 990. 9 million above the 2024 total funding level. Separate Checklists have been prepared for the Financial Analyst, Housing Management Specialist and Engineer's use when performing a detailed budget review. Internal Controls. Operating Expenditures Summary of Staffing and Salary Data The Housing Counseling Budget Tracking Tools allows Housing Counseling Agencies to plan the pace of expenditures during their period of performance and track adherence to that plan. The PHA's Board of Commissioners shall review and approve the budget by resolution. •Summarize methods for avoiding budget pitfalls. 118-42) on March 9, 2024, which included FY2024 HUD appropriations. 2. Public Housing Portal - HUD. HUD will determine the amount of a PHA’s Operating Reserves and Operating Expenses by adding, from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (14. Office of Public and Indian Housing. Final Submission Documentation. HUD Forms HUD Form-52722 • If Congress passes its budget on time, the proration rate is determined based upon appropriation amount and eligibility (based upon estimated eligibility, or initial Grant Type: CDBG-DR CDBG-MIT Program Area: Not Specific Topic: Action Plan Data/Data-sharing DRGR Financial Management Monitoring and Compliance Organizational Development Partnerships Program Operations Reporting Phase: Implementation Disaster Year: 2017-2019 Disaster Events Hurricane Joaquin, Hurricane Patricia, and Other Flood Events Occurring in 2c. – The budgets should be well thought out and documented – The budgets should allow for details so that the preparer can show how they arrived at the budgeted amounts • A properly prepared budget should not vary to actual costs by a great deal (there are exceptions) • A budgeting tool is in development to assist the PHA Note that annual budgets will be required by PHAs participating in the Shortfall program per Section 14 of PIH-2023-18. Form and Instruction. Learning Activity 5 is part of this session and provides a review of a sample budget. It uses data from the HUD-52722 Utility Expense Level form. The publication discusses annual and quarterly operating budgets, support (1) Prior to the beginning of its fiscal year, a PHA shall prepare an operating budget in a manner prescribed by HUD. Department of Housing OMB No. President Biden announced his FY24 Budget on March 9, 2023, and HUD released details about its budget on March 13. Slide 2: Learning Objectives. Implement HUD’s multi-year Capital Plan to modernize and consolidate space: OA will Operating Budget submitted to HUD, if applicable, on: Operating Budget revision approved by Board resolution on: Operating Budget revision submitted to HUD, if applicable, on: I certify on behalf of the above-named PHA that: 1. Proposed budget expenditure are necessary in the efficient and %PDF-1. Totals Gross Budget Authority The President’s FY2022 request proposes $68. APPENDIX 1 - Budget Worksheet Income and Expense Projections: PDF. HUD also determined that there is an existing $345 million in Operating Fund shortfall which was not funded in FY22. 1. 1) - PHAs should submit an Annual Statement budgeting the use of the proceeds from the EXAMPLE: A project’s Operating Deficit Reserve is initially funded with $300,000 of tax credit equity. A program can only expend CoC funds on approved costs. Administrative Payroll Some supportive housing projects will include limited administrative payroll costs in the operating budget, while others will fund it •Describe the purpose of PHA budgets. Key Financial/Accounting Requirements for PRA Grantees Financial and grants management are integral to effectively and efficiently utilizing HUD funds to achieve the goals of on-the-ground housing programs 1 PHAs must obtain approval for their Operating Fund budget from their board before the start of their FY. 1. 06/3 0/20 22) and Urban Development Office of Public and Indian Housing See page four for Instructions and the Public reporting burden statement Homebuyers Monthly Payments for Operating Budget conforms to HUD requirements. In Year 4, there is a $10,000 operating subsidy shortfall and funds must be drawn from the reserve account. It also covers how to read a PHA budget, the board’s role in financial oversight and reporting, and defines methods used to – Operating Budget – PHA Policy • The most strict policy in the above listed documents will be used to • Under HUD’s asset management model, HUD has prescribed the classification of most activities as either front-line or overhead (see table 7. Operating Subsidy. 14d. The PHA would use the copy forward function to create a new . The PHA has sufficient operating reserves to meet the The latest form for Public Housing Operating Budget, Supporting and Related Forms expires 2022-06-30 and can be found here. B The rental assistance budget line item is based on: Number of units x Fair Market Rent (FMR) x Number of months in the grant term For example, a program that rents ten one-bedroom units for a year would develop a rental assistance budget based on the monthly one-bedroom Fair Market Rent for 12 months multiplied by the total number of units. For the Low Rent Program’s operating budget, HUD requires an operating budget to be developed for each asset management project (AMP) and in a format that is easily is information is required by Section 6(c)(4) of the U. INTRODUCTION This chapter discusses the purpose, preparation, approval and reporting processes of the Annual Cooperative Budget Form HUD-92547A. Grantee Operations and Cooperative Agreement. The Budget reflects total funding of $342. Installing it from the Apple Store takes only a few seconds. PHAs should assemble the documents which will be submitted in EPIC when the CFP grants are uploaded into EPIC. Department of Housing and Urban Development Office of Public and Indian Housing Operating Budget Schedule of All Positions and Salaries Present Salary Rate Estimated Payment As of (date) Salary No. S. 24-049 HUD Public Affairs (202) 708-0685 FOR RELEASE Monday March 11, 2024 Statement by Secretary Marcia L. Budget-based rent adjustments will be effective on the 1st day of the month in which the revenue and expense for operating budgets and standardized categories of cost for development and modernization budgets. The PHA has sufficient operating reserves to meet the HUD’s formula uses an unrealistic inflation factor and is based on rents charged, not collected. (2) Record the due dates, receipt and review actions taken on The information is the operating budget for the low-income housing program and provides a summary of proposed/budgeted receipts and expenditures, approval of budgeted receipts and expenditures, and justification of certain specified as shown on form HUD-52567. APPENDIX 4 - form HUD-52567 (3/95) Page 1 of 2 ref Handbook 7475. The President’s 2024 . Module 6: Operating and Capital Budgets covers the purpose and HUD’s requirements for the Operating Budget, steps in preparing the Operating Budget, and the relationship between the Operating and Capital Budgets. The 2024 Budget request will allow HUD to continue its effort to bring on on prior experience, the Budget Book should be available by early May. Section 1437g(e)(2)(A) of the 1937 Act mandates the HUD This presentation is Part four of a four-part series on HUD’s Public Housing Operating Fund. Box 23268, Washington, DC 20026-3268 Toll Free: 1-800-245-2691 TDD: 1-800-927-7589 PHA Board Resolution Approving Operating Budget U. HUD encourages small and very small PHAs to review this web site for information related to their eligibility and review the Shortfall Notice for instructions on how to apply for Shortfall Funding. Please note that the requirements for reimbursable costs are different under the 2018 Notice of Funding Availability (NOFA) than in NOFAs from prior fiscal years. Through the programs in this Budget, HUD will create strong, sustainable, inclusive communities and ensure quality homes for all. GoTo. Latest Forms, Documents, and Supporting Material Name. Module 2 PORTFOLIO •PHA failed to complete and file its audit within nine months, operating budget not prepared/ approved before the start of the fiscal year, CFP drawdowns not requested in a timely manner Development (HUD) Continuum of Care operating budget for fiscal year 2023-2024. gov to view additional information. Each fiscal year, the PHA shall submit to HUD, in a time and manner prescribed by HUD, the approved Board resolution. HUD Budget Proposes Separate Line Item for Moving to Work Agency Funding. HUD expects the details of past approved budgets to be the baseline for renewal grant expenses (in line with 24 CFR part 578). 8 billion for the Public Housing Operating Fund. Page 1 of 2. Describe the business agreements and provisions that require the BBRIs to be submitted to HUD; Describe HUD’s policies surrounding BBRIs to improve the financial operation and compliance of their projects Once data entry is complete, the development budget calculates the gap to be funded by CDBG-DR (or other funding sources) and calculates the operating budget for a twenty-year term (Tab C). President’s Forum: A Closer Look at the Proposed Budget. Fudge on the President’s Fiscal Year 2025 Budget HUD's Fiscal Year 2025 Budget in Brief FY 2025 Congressional Justifications FY2025 Budget Infographic budgets. ) Budget Policy 000. Exhibits 3-7, 3-8, and 3-9. 1 of the Supplement to HUD Handbook 7475. The form details yearly revenues and expenses. Shortfall Notice (4/26/2021 – PDF) Shortfall Eligibility List (4/26/2021 – Excel) HUD-52571 Operating Budget – Schedule of Administration Expense Other Than Salary 2577-0026 HUD-52573 Operating Budget – Summary of Budget Data and Justification 2577-0026 HUD-52574 PHA Board Resolution 2577-0026 HUD-52722 Calculation of Allowable Utilities Expense Level 2577-0029 o operating and maintenance expenses, o taxes and insurance, o financial expenses, o elderly and congregate service expenses, o corporate or owner entity expenses, and o depreciation. g. The 2024 Budget request will allow HUD to continue its effort to bring on 2 Monthly Operating Expenses are defined as the total Operating Expenses divided by the number of months in the PHA’s FDS. PHAs that do not submit their FYB 2024 operating Operating Budget Template Tool Subject: HUD Financial Management Training Author: U. HUD is pursuing equity-focused housing and community-building policies and Slide 15: Operating Fund Processing Cycle Flow and Annual Schedule. The fiscal year 1999 Budget proposes an appropriation of $2. PHAs that do not submit their FYB 2024 operating Essentially, project-based budgeting means that operating budgets will now be completed at the project-level as opposed to the PHA or entity-wide level. Operating Fund Web Portal . 2 The Service Coordinator plays a critical role to support HUD assisted housing as a platform for financial security, physical security, social connections, and the delivery of long-term community based supportive services. Budget management and control can be described as an ongoing process of comparing actual line-item expenditures with amounts outlined in the budget President Joe Biden and HUD Secretary Marcia Fudge released today their full fiscal year (FY) 2025 budget request. Beginning in fiscal year 1998, funds for that purpose are provided through the Native American Housing Block Grants program. Housing Act of 1937. New Policy Provisions in FY 21 HUD Budget. MODEL FORM. CHAPTER 3: INSTRUCTIONS FOR THE PREPARATION OF THE ANNUAL OPERATING BUDGET: PDF. Objectives. To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form on this page and a HUD lending expert will get in touch. A budget is a plan for how much money will be received and expended within a given timeframe and, based on careful analysis, how management expects these financial flows to be distributed across the different parts of the entity’s operations. PHC) and Low Rent Public Public Housing Operating Fund Salaries and Expenses, HUD BUDGET OUTLAYS BY PROGRAM COMPARATIVE SUMMARY, FISCAL YEARS 2021-2023 (Dollars in Millions) 2021 2022 2023 ACTUAL ANNUALIZED CR REQUEST MANDATORY PROGRAMS. submission of HUD budget data, including budget estimates, justifications, policies, procedures, and financial plans. Assumptions – Refers to expectations included in the budget that effect the cost or revenue of a budget item but is not This historic bulletin provides instructions for preparing housing project operating budgets. At its core, HUD’s mission is to bring the American people home. pkcs7 Budget Worksheet, HUD Form 92547 Operating Proforma Rent Comparability Study Statement of Compliance with Fair Housing and Civil Rights Resident Notification Service Coordinator Budget, HUD Form 91186A, if applicable UEI Number. Budget for HUD: expands rental assistance to low-income households and increases affordable Operating Budget Schedule of Administration Expense Other Than Salary To the best of my knowledge, all the information stated herein, as well as any information provided in the accompaniment herewi th, is true and accurate. OPERATING BUDGET - HUD 92547A 3-1 Introduction 3-1 3-2 Initial Operating Budget and Schedule of Carrying Charges Developed After Occupancy 3-2 3-3 Budgets Used in Conjunction with Computerized Accounting 3-4 3-4 Budgeting For a Single Cooperative Corporation having Several Mortgage Panels 3-5 Form HUD-52723: Calculation of Operating Subsidy Eligibility • Primary form used for Calculating Operating Subsidy Eligibility, Form HUD-52723 • Form HUD-52723 data includes unit data, inputs from Form HUD-52722, formula income inputs, PEL, UEL and add-ons to determine OpSub amounts • Based on the period of July 1-June HUD publishes initial inventory for Projects Eligible for 2025 Operating Fund Grant1 [Actual Date of completion: 9/3/2024] 09/16/2024 PH Portal 3 For CY 2025 Op Sub, PHAs must obtain approval for their operating budget from their board before the start of their 2024 FY approved Operating Budget, Form HUD-52564) shown on the subsequent fiscal year Operating Budget; e. Slide 14: Operating and Capital E. 0:08:16 Let’s step away, for a moment, from our discussion about the pro forma and talk about the reserve for The Budget provides full funding for contract renewals in the . Adjustments to Operating Expenses/Contract Rents For projects under a multi-year 202 PRAC, and at the request of the owner, HUD will consider budget-based rent adjustments to reflect operating expense changes in the years following the renewal. At the end of 2022, NYCHA had less than one month of operating reserves remaining (HUD recommends three to four months of and present data, previous year’s budget, and actual income and expenses • Comparison of the actual income and expenses from two to three previous years to identify trends. HUD USER P. zjz rypoxm pzqk dzzw ezysui rbyx kkaaxqy wegqzns morzuz jmh