Schedule Of Disbursements - Hud (Page 2 of 2) in pdf

Authority for the collection of information on this form is contained in 24 CFR, CH 11 (4-1-99 Edition), Section 200.105, Mortgagor Supervi-

sion, Page 22. The reporting on HUD-93480, Schedule of Disbursements, is sent to the Department of Housing and Urban Development

(HUD) the tenth day of each month by owners or management agents of HUD-insured or Secretary-held properties. The information is used

by HUD to assess the need for remedial actions to correct project deficiencies. If information is not collected the Department would not be

able to monitor debt collection on HUD-held projects and would increase the potential for fraud, diversions, defaults, and assignments. The

information is not considered sensitive. While no assurances of confidentiality is pledged to respondents, HUD generally discloses this data

only in response to a Freedom of Information request.

Public Reporting Burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing

instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of

information, and you are not required to complete this form, unless it displays a currently valid OMB Control Number.

Instructions for Preparation of Monthly Reports for

Establishing Net Income

These same Instructions are included on forms HUD-93479 and

HUD-93481.

One copy of the monthly report forms (forms HUD-93479, 93480,

and 93481) is due in the HUD Field Office no later than the tenth of

the month following the month of operation covered by the report.

Reports for projects receiving Flexible Subsidy are due no later than

the fifth of the month following the month of operation covered by the

report.

All applicable lines should be completed since partial

information reduces the usefulness of the reports. The report must

be signed by an authorized representative of the management agent

or mortgagor.

Schedule A: Form HUD-93479, Monthly Report for Establishing

Schedule B: Form HUD-93480, Schedule of Disbursements

Net Income

All disbursements from project cash must be shown.

Line 2 d:

Include advances provided to meet operating expenses.

Identify source of advances. Include prepaid rents and

Check numbers must be consecutive. Payee and purpose of each

excess income, if applicable, separately from apartment

disburesment must be identified.

rents included in Line 2 a. Include laundry or other

commercial income. Tenant security deposits, unless

For Flexible Subsidy projects or other projects with MIO Plans,

forfeited, are not to be included.

annotate as required by the local Field Office.

Line 3 b:

Include cash paid for necessary and reasonable operat-

ing expenses of the project.

Schedule C: Form HUD-93481, Schedule of Accounts Payable

Line 3 d:

Include distributions paid or repayment of advances

All delinquencies under the mortgage must be shown. Itemize

from project cash.

principal, interest, type of escrow, and MIP.

Line 5:

Show monthly gross potential income for revenue pro-

All other amounts owed as of the end of the month must be shown

ducing units as approved on the latest form HUD-

and adequately identified as to whom owed, the purpose of the

92458, Rental Schedule.

obligation, and the date incurred.

Line 6:

Do not include the dollar amount of vacancies for non-

For Flexible Subsidy projects or other projects with MIO Plans,

revenue producing units such as the resident manager's

annotate as required by the local Field Office.

apartment or office space that were approved on the

latest form HUD-92458, Rental Schedule.

form HUD-93480 (01/2002)

ref. Handbooks 4370.2, 4350.1

Schedule Of Disbursements - Hud Page 2

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