CROSSWALK GUIDE - HUD

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Financial Data Schedule Line Definitions and Crosswalk Guide Definition: This FDS line should be used under governmental fund accounting and represents amounts received by a component unit(s) from the primary government or amounts provided by the component unit to the primary government. Crosswalk: This FDS line generally includes the amount in REAC suggested account 9116 (Operating transfers from/to component unit(s)). 1005 Proceeds from notes, loans and bonds Definition: This FDS line should be used under governmental fund accounting and represents amounts received as a result of the PHA borrowing funds using a note payable, entering into a loan agreement and/or from the issuance of bonds. Crosswalk: This FDS line generally includes the amount in REAC suggested account 9120 (Proceeds from notes, loans and bonds). 1006 Proceeds from property sales Definition: This FDS line should be used under governmental fund accounting and represents any sale of fixed assets for which proceeds are obtained. This line is used to record the sale of non-expendable equipment after the date of full availability (DOFA) or, in the case of projects conveyed for low-rent use, after the date of conveyance. The proceeds represent the total amount received for the sale of the property. Crosswalk: This FDS line generally includes HUD accounts 7530 (Receipts from nonexpendable equipment not replaced) and 7580 (Proceeds from disposition of property - reserved). These amounts may be recorded in REAC suggested account 7545 (Proceeds from property sales). 1010 Total other financing sources (Uses) This FDS line represents the total expenses recorded on lines 1001 through 1006. 1000 Excess (deficiency) of total revenue over (under) total expenses This FDS line is the difference between total revenue reported on FDS line 700, total expenses reported on FDS line 900 and total other financing sources (uses) reported on line 1010. FASS automatically calculates the difference between line 700, 900, and 1010. MEMO ACCOUNT INFORMATION REAL ESTATE ASSESSMENT CENTER 50
Financial Data Schedule Line Definitions and Crosswalk Guide 1101 Capital contributions Definition: This FDS line represents the amount expended for capital improvements or purchases of capital equipment or items using accumulated cash (reserved, restricted or unreserved) from the low rent program, if the PHA employs enterprise fund accounting. Amounts spent for capital outlays to be reported on this FDS line are those which affected the balance sheet accounts only during the recording of the transaction (i.e., no revenue or expenses were affected). This line is used under the enterprise model to reclassify any debt in which HUD is obligated for all principal and interest payments. This encompasses both HUDguaranteed debt (third party) and HUD-held debt (direct debt). (See PHA GAAP Flyer Vol. 1 Issue 4, dated January 2000, titled "Accounting for PHA Debt" for a detailed explanation of the reclassification.) Crosswalk: This FDS line generally includes the amount spent of fixed assets which did not affect the statement of revenue and expenses. It is generally the change in fixed assets as recorded on FDS line 160, which were paid from working capital funds rather than capital grants. This line also includes the contributed capital amounts recorded in HUD account 2802 (Contributed Capital). 1102 Debt principal payments - enterprise funds Definition: This FDS line represents the principal payment made to reduce long-term debt if the PHA employs enterprise fund accounting. In the modified accrual method both the principal and interest are expensed. In order to equalize this to the full accrual method, principal payments, which are not expensed, must be reported in this line. This is a required field if using a full accrual. Crosswalk: This FDS line generally includes the annual reduction to the principle portion of long-term debt recorded amounts in REAC suggested accounts 2130 (Current portion of longterm debt-capital projects) or 2130.2 (Current portion of long-term debt-operating borrowings). 1103 Beginning equity Definition: This FDS line represents the difference between total assets (FDS line 190) and total liabilities (FDS line 300) at the beginning of the fiscal year. FASS automatically calculates the difference between line 190 and 300. 1104 Prior period adjustments and equity transfers Definition: This FDS line represents prior period adjustments that are transactions that should be excluded from the current period’s activity statements. With respect to governmental financial reporting, this specifically addresses correction of errors in the financial statements of a prior period. Errors in financial statements may result from: mathematical mistakes; mistakes in the application of accounting principles; oversight of facts that existed at the time financial statements were prepared; or change from an accounting principle that is not generally REAL ESTATE ASSESSMENT CENTER 51
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CROSSWALK GUIDE - HUD

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