Emphasys understands the financial and accounting requirements of a public housing authority (PHA). Our Fee Accounting Services are performed in compliance with industry standards, Generally Accepted Accounting Principles (GAAP) and the Department of Housing and Urban Development’s (HUD’s) regulations.

Our fee accounting staff works with numerous CFOs and finance staff across the country, assisting them daily through financial consulting, financial training and fee accounting services.  Additionally, our staff is involved in various HUD groups to assist in guiding, forming and testing the rules and regulations that affect PHAs every day.  Our involvement in these HUD groups provides Emphasys with a unique perspective that includes the intent, expected implementation methods and outcomes of the rules being implemented.  When you couple our accounting and compliance knowledge, our hands-on fiscal experience at housing agencies of every size and complexity level along with our redevelopment and tax credit experience, we believe you have the best team available to provide accounting and financial consulting services to your organization.

The selection of a key business financial consulting/fee accounting partner is imperative in the industry.  Emphasys understands that your continued success hinges on meeting and exceeding expectations. From the public, there are expectations for continued or additional affordable housing and efficient customer service.  It is imperative for you to ensure the highest levels of efficiency and effectiveness for mission-critical functions while maintaining compliance and sound financial controls.  By utilizing Emphasys’ qualified industry professionals we will assist you with achieving your goals and position you well for future endeavors.

Our Fee Accounting Services include but are not limited to:

  • Accounting guidance related to the HUD-required Asset Management program
  • Board Financial Advisory Services
  • Accounting and consulting services related to the HUD Capital Fund Program
  • Accounting and consulting services related to Best Practices
  • Accounting and consulting services related to various mixed-financing projects
  • Assistance with Energy Performance Contract management
  • Year-end support and audit preparation
  • Accounting support related to the creation of the Federal Data Schedule (FDS)
  • Guidance related to maximization of operations to obtain High Performer PHAS scoring
  • Performing routine accounting functions including review and analysis of the books of accounts and records; monthly, quarterly or annually
  • Internal control reviews
  • Preparation and/or review of routine financial reports
  • Preparation and/or review budgets and budget revisions
  • Preparation and submission of required Public Housing Subsidy Forms
  • PHA Annual Plan preparation, review, assistance
  • Review and update financial policies and procedures; Best Practices

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