Do closed CIAP/Comp grants have to be reported as part of the PHAs annual financial statement information?
If CIAP/Comp grant was closed at the end of the year, the financial statement of this program will still have be reported to reflect it’s current year program activities. In the following year, the fixed assets account is transferred to Low Rent program through an equity transfer reported on FDS line item #1104.
Related Questions
- Do the benefit amounts reported on the annual (AN) cover the total paid for the previous year or the total paid over the life of the claim?
- What if the waiting list at the housing agency in my area is closed and the PHA is not accepting applications?
- Do closed CIAP/Comp grants have to be reported as part of the PHAs annual financial statement information?
