Financial officers at all levels of your PHA’s HCV program will appreciate the HCV Financial Management and Reporting Master Book as an easy-to-follow reference guide for successful financial management and reporting.

Your Purchase

Access to your new files will be provided to you in 5 to 7 business days via email. This product is offered with a revision service or without. A revision service subscription is a yearly charge that allows you to receive new releases digitally as they are published. A notice will be sent to the email we have on file for your subscription when our newest release has been made available.

With the revision service, you will also retain access to our subscriber site to download your files at your convenience. If you decide not to purchase the revision service, only NMA’s currently published release will be provided to you.

This product is also available in a paper format for an initial purchase; however, if purchased with a revision service, all future releases will be provided digitally through the subscriber site. Please allow for an additional 5 to 6 business days for shipping and processing if you purchase this product in a paper format.

Click here to view the table of contents.

This Master Book includes:

• An overview of the history of public housing legislation and characteristics and features of key programs, including HCV 
• A thorough review of the annual contributions contract (ACC)
• How the HCV program is funded
• HCV accounting requirements, generally accepted accounting principles (GAAP), and special accounting issues in the HCV program—such as fraud recovery, portability, Family Self-Sufficiency (FSS), SEMAP, and retroactive funding and payments
• Financial monitoring and the elimination of budget documents
• Using HUD's voucher management system (VMS) and VMS user manual excerpts
• How to establish an internal control structure
• Year-end closing procedures 
• Audit requirements
• Learning activities, HUD references/relevant PIH notices, and an in-depth glossary 

Do you have the most current version of this Master Book?

Below are the issue dates for the previous revisions to the HCV Financial Management and Reporting Master Book:

2020: For 2020, the HCV Financial Management and Reporting Master Book has been brought current with all recent HUD requirements and guidance, including the following:

• Changes to account for the implementation of the current year’s funding provisions as specified in Notice PIH 2020-04
• Updates concerning the most recent release of the Voucher Management System (VMS) User Manual, dated March 2020
• The addition of a new section on remittance of interest earned on restricted net position and excess HAP funds
• Updates to various references and forms, including references to PIH 2018-05, Form HUD-51999, and the Financial Data Schedule (FDS) Line Definition Guide
• Revisions concerning the different types of leased housing programs
• Other clarifications and corrections to bring the content current with HUD requirements

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