Transcription of 4370.2 REV-1
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4370.2 REV-1
REV-1 _____ chapter 2. FINANCIAL OPERATIONS AND ACCOUNTING 2-1. INTRODUCTION This chapter provides a description of the financial operations and accounting requirements of a HUD-insured multifamily project including: maintenance of books and accounts, completeness and accuracy of books and accounts; auditable paper trail, invoices, etc.; treatment of specific transactions such as surplus cash and residual receipts; distribution to owners; cash controls and use of management agreements.
in the groupings and order shown in the Chart of Accounts, Chapter 4. If additional accounts not otherwise covered in the chart are needed for
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