AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 11 purposes or as a major enterprise fund under Code of Federal Regulations (CFR), Title 2, Subtitle A, Chapter II, Part 200, Subpart F; Audit Requirements, the audit obtained may not be sufficient for HUD to properly monitor its financialandcompliance interest in theseentities. Therefore, for HUD to gain an acceptable level of assurance, these PHAs may be directed to procure Independent Public Accountant (IPA) services for financial and compliance proceduresasspecifiedby HUD.Thisadditionalworkis Housing Voucher Programs (OHVP), Financial Management Division (FMD) at PIHFinancialManagementDivision@hud.govto confirm whether they must procure an IPA service. If the PIH OHVP, FMD determines that IPA services must be performed, HUD will provide set-aside funding, if available, to reimburse the agency for any additional audit costs unless sufficient Unrestricted Net Position (UNP) exists, in which case these funds may be used for the special purposeaudit cost. PIH Notice 2018-12, Section 6. While reviewing the transfer of UNP to the receiving/consolidated PHA, the HUD Field Office will ensure the divesting PHA has properly procured and entered into a contract with an independent public accountant to conduct its close-out audit, and has the funds available to cover it, HUD may assign extraordinary administrative fees (EAF). This is subject to availabilityoffundsandjustifiablecircumstances,fromtheAdministrativeFeeset- aside funds to cover close-out audit costs and may conduct a finalclose-out or forensic audit of a divesting PHA, either prior to or following to the transfer/consolidation. The HUD Field Offices must contact the Housing Voucher Financial Management Division at PIHFinancialManagementDivision@hud.govto confirmavailabilityofEAF;however,thedivestingavailableadministrative fee,UNP,and/orothernon-federalfundsmustbeconsideredfirstandrestrictedfor thispurpose. 5.Special Fees Needed for Administration of Section 8 Tenant-Based Rental Assistance Program: PHAs experiencing increased administrative expenses that need additional funds to administer their Section 8 HCV Programs, including as a result of administration of tenant protection rental assistance, disaster related vouchers,HUD-VASHvouchers,andotherspecialpurposeincrementalvouchers, as shown in this section under Guidance for Special Fee Applications Per Category,canrequest special fees. To qualify for additional funding under these categories, PHAs must experience increased administrative expenses as a result of the administration of tenant protectionrentalassistance,HUD-VASHvouchers,FUPincludingFYI,disaster- related vouchers, and other special purpose incremental vouchers. Requests for other unanticipated administrative fee funding increases will be considered on a case-by- applicableapplicationcriteriawhenpreparingyourapplicationforthesefunds.