CROSSWALK GUIDE - HUD

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Financial Data Schedule Line Definitions and Crosswalk Guide Crosswalk: This FDS line generally includes amounts in <strong>HUD</strong> accounts 1620 (Undistributed debits-ineligible expenditures), 1640 (Payrolls), 1660 (Other administration expense), and 1690 (Undistributed debits - other) and REAC suggested account 1510 (Payments for off-site utilities). No amount will be reported on this line if these accounts have been closed out by distribution/allocation at the end of the accounting period as required. 176 Investment in joint ventures Definition: This FDS line represents the PHAs investment in mixed-financing, joint ventures or similar type transactions which must be reported in accordance with GAAP. The PHA should include all entities required to be reported under GASB 14. Crosswalk: This FDS line generally includes amounts recorded in REAC suggested account 1499 (Investments in joint ventures). 180 TOTAL NON-CURRENT ASSETS This FDS line represents the total of all non-current assets reported on FDS lines 161 through 176. FASS automatically performs the summation of lines 161 through 176. 190 TOTAL ASSETS This FDS line represents the total of all current and non-current assets as summarized on FDS lines 150 and 180 and should reflect all assets. FASS automatically performs the summation of lines 150 and 180. REAL ESTATE ASSESSMENT CENTER 20
Financial Data Schedule Line Definitions and Crosswalk Guide LIABILITIES AND EQUITY LIABILITIES CURRENT LIABILITIES Current liabilities are current debts that are owed by the PHA and due in the current period. It is expected that current liabilities will consume current financial resources of the PHA to satisfy the debt. 311 Bank overdraft Definition: This FDS line represents amounts by which checks, drafts or other demands for payment on the treasury or on a bank exceed the amount of the credit against which they are drawn. This is an amount owed to the bank to cover the overdraft. Crosswalk: This FDS line generally includes the amount determined by performing the bank reconciliation and calculating the amount of overdraft. It may be recorded in REAC suggested account 2106 (Bank overdraft). 312 Accounts payable ≤ 90 days Definition: This FDS line represents the amounts payable to contractors, vendors, employees or others on open accounts and contract billings for materials received or services rendered. It includes regular accounts payables to vendors. These amounts payable are equal to or less than 90 days past due. Crosswalk: This FDS line generally includes the current portion of the amounts in <strong>HUD</strong> accounts 2111 (Vendors and contractors), and 2119 (Accounts Payable – other) associated with vendors and contractors. The amount included here should be limited to the portion due and payable in the current period, which are not over due. Payments, which are over 90 days past due, should be posted to FDS line 313 (Accounts payable > 90 days past due). These amounts may be recorded in REAC suggested account 2110.1 (Accounts Payable ≤ 90 days). 313 Accounts payable > 90 days past due Definition: This FDS line represents amounts payable by the PHA on open accounts and contract billings for materials received or services rendered. These amounts payable are more than 90 days past due. REAL ESTATE ASSESSMENT CENTER 21
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CROSSWALK GUIDE - HUD

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