Form Hud-9834 - Management Review For Multifamily Housing Projects Page 17
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46U.S. Department of Housing and Urban Development
OMB Approval No. 2502-0178
Management Review for Multifamily
Exp. 11/30/2011
Office of Housing – Federal Housing Commissioner
Housing Projects
c. Has annual “write-off of tenants’ accounts receivable for the last two fiscal years been less than 1% of gross rents due from tenants?
Yes
No
Comments:
d. Are accounts payable reasonably current?
Yes
No
Indicate amount of accounts payable more than 60 days old: $
What are the owner/agent plans to do to reduce outstanding payables?
Comments:
13. Accounting and Bookkeeping
a. Are books and records maintained as required by HUD Handbook 4370.2 (Chapter 4) and 24 CFR Part 5?
Yes
No
N/A
Check books of accounts maintained. Indicate where books may be examined.
O – owner’s office; A – agent’s office; P – project site
General Ledger (
)
Rent Receivable Ledger (
)
General Journal (
)
Cash Receipts Journal (
)
Cash Disbursements Journal (
)
Accounts Payable Journal (
)
b. Are all required project accounts in the name of the project in a federally insured account?
Yes
No
Comments:
c. Are operating funds, security deposits, reserve funds, and flexible subsidy funds maintained in separate accounts and properly secured for authorized use?
Yes
No
Comments:
d. Does the mortgagor make frequent postings (at least monthly) to the ledger accounts?
Yes
No
Comments:
e. If applicable is owner adhering to HUD-approved repayment Plan? (i.e., loan from reserve for replacement, 236 excess income, capital improvement loan, etc.)
Yes
No
Comments:
f. Is centralized accounting used for disbursements?
Yes
No
If yes, are only HUD-insured projects in the pool?
Yes
No
Comments:
g. If centralized accounting is used, has it been approved by HUD
Yes
No
N/A
Comments:
h. If centralized accounting is used, is it being operated in accordance with HUD’s approval?
Yes
No
N/A
Comments:
Page 14 of 25
form HUD-9834 (6/2009)
Ref. HUD Handbook 4350.1, REV-1
and HUD Handbook 4566.2
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