Housing & Urban Development

Knowledgable HUD Accounting Firm

Throughout the Hudson Valley and New York State, communities and residents are fortunate to benefit from a vast network of Housing and Urban Development (HUD) programs and resources dedicated to help society’s most vulnerable – low-income individuals and families; the elderly; and people with disabilities – find and maintain a place they can call home.

Your organization’s services become even more important – and valued – considering the ever-growing affordable housing crisis in New York and the northeast overall. As your HUD organization goes above and beyond to respond to this call for a basic human necessity, RBT CPAs are here to support your accounting, tax, audit, and advisory needs.

Whether your focus is on Housing Choice Vouchers, Public Housing, the Capital Fund Program or HUD multifamily properties, our CPAs have the specialized knowledge and skills to work with you on a per-service basis alongside your internal accounting resources or as your full-service accounting and tax department and advisor.

Our fee accounting services include:

Assessment of internal control structure and recommendations to improve operational efficiency and internal controls
Serving as your liaison with HUD and other oversight agencies
Serving as your liaison with the CPA firm performing your annual audit and providing them with our workpapers
Compliance monitoring and providing observations and recommendations regarding whether your organization is in compliance with all regulations pertaining to federal award programs
Depending on your internal accounting department needs, services may include:

Monthly review of all books of record and supporting workpapers
Preparation of monthly financial reports, custom tailored to your needs
Adjusting journal entries
Bank reconciliations
Maintaining fixed asset schedules
Payroll preparation and related reports
Recording receipts and disbursements
Preparation of operating subsidy requests and subsidy forms required by oversight agencies
Preparation of public housing budgets (AMP and COCC)
Preparation of a multi-program budget (LIPH, HCV, CFP, etc.)
Year-end close including preparation of year-end accruals and closing journal entries
Preparation and submission of unaudited Financial Data Schedule (FDS) within 60 days of the fiscal year end
Corrective action plans and resolution of audit findings
Analysis of monthly data of the Housing Choice Voucher (Section 8) program
Monthly preparation and submission of Voucher Management System (VMS) 52681-B form to REAC
Capital Fund Administration and Reporting

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Our attestation services include:

When you partner with RBT CPAs, you can be confident in your program’s financial integrity and compliance, so you can continue to focus on the core goal of providing decent and safe housing for society’s most vulnerable populations.

RBT CPAs has proudly served Hudson Valley, New York, and northeastern state clients for over 50 years. 100% of our work is completed by local RBT CPA resources. We never offshore work. We simply believe that hiring local talent and giving back to the communities where we live and work is the right thing to do. As a result, when you engage with RBT CPAs, you can be confident your financial information is handled with the highest levels of professionalism, ethics and security, from start to finish.