Low Rent Budgets & Revisions

HSA prepares a yearly budget for each of our clients. An information worksheet is sent to each Housing Authority to compete. This worksheet is used to gather information about the Housing Authority’s planned expenditures in the upcoming year. The budget is used as a guide to monitor spending and operating reserves. The budget includes an estimated PHAS score based on the upcoming budget expenditures as a heads up to any potentential problems that should be addressed and pie charts to better understand the distribution of expenditures.
HSA also prepares the yearly subsidy calculations based on HUD forms and regulations. The worksheet mentioned above is also used to gather information needed in the calculations of subsidy.

We also prepare budget revisions, if they are necessary to prevent any budget over runs.