Form Hud-52484 - Development Cost Budget/cost Statement Page 4
Download a blank fillable Form Hud-52484 - Development Cost Budget/cost Statement in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Hud-52484 - Development Cost Budget/cost Statement with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5This form HUD-52484 includes the account classification numbers, actual
Public Reporting Burden for this collection of information is estimated to
development cost incurred, actual contract award balance, and total
average 10 hours per response, including the time for reviewing instructions,
development cost which are apart of a Public Housing Agency's (PHA's)
searching existing data sources, gathering and maintaining the data needed,
development cost budget/cost statement for development of a public
and completing and reviewing the collection of information.
housing project.
Response to this collection of information is mandatory to obtain a benefit or
PHAs provide information on the amount of monies which will be needed to
to retain a benefit.
develop the project and other costs associated with it . The information
The information requested does not lend itself to confidentiality.
collected in the proposal is used by HUD for review and approval of
HUD may not conduct or sponsor, and person is not required to respond to
development funds.
a collection of information unless it displays a currently valid OMB control
number.
Instructions for Preparing Development Cost Budgets/Cost Statements, Form HUD-52484
A. General
books of account for Accounts 1410 through 1475 and Accounts
This form HUD-52484 shall be used for all Development Cost
1485, 1495, and 1499; and, in the heading of column (c), show the
Budgets and Statements identified in the “Status” section on page
date as of which such figures were taken. Enter in column (e) for
1 and should be carefully completed for each type of submission.
each Account 1410 through 1475, 1485, 1495, and 1499 an
For information supplementing these instructions, see Public Hous-
estimate of any additional cost to be incurred in completing the
ing Development Handbook 7417.1 Descriptions of the budget
accounts to which costs should be charged are set forth in Low-
development work. Enter in column (v) the sum of columns (c), (d)
and (e); and complete column (g) as appropriate. For Account
Rent Technical Accounting Guide 7510.1, Chapter 4, Section 15.
1480, which is not applicable to turnkey projects, leave all columns
The HUD Field Office, upon request, will assist PHAs in the
blank until submission of the Contract Award Budget. At that time
distribution of costs to individual accounts.
and thereafter, the entries for Account 1480 shall be as follows:
1.
General Preparation. The Form should cover all of the
(1)
For a Contract Award Budget, list each proposed
housing to be built under a single Contract of Sale/Construction
construction contract to be included under Account 1480 in column
Contract, whether on one or several sites. The “Dwelling Units”
section at the top of page 1 shall show, in the “Elderly” block, the
(a) by name of contractor and type of work. Opposite each such
listing, enter in columns (d) and (f) the amount shown in column (3)
total of all units designed specifically for the elderly, including any
of the corresponding form HUD-52396, Analysis of Main Construc-
such units which have more than one bedroom; and the other
tion Contact (or, in cases where a change in any bid amount is
sections at the top of the page shall be completed as appropriate.
proposed, enter the amount shown in column (5) of form HUD-
Round out all amounts to even dollars. Where descriptions or
52396 and identify change order(s) included in the contract amount).
supplementary data are required, use an attached sheet, identify-
ing the item to which it is applicable.
Amounts for all work and equipment not covered by contracts shall
remain in the appropriate subsidiary account.
I hereby certify that all the information stated herein, as well as
(2)
For each budget submitted after a Contract Award
any information provided in the accompaniment herewith, is true
Budget, enter in column (c) the total of payments made to each
and accurate. Warning: HUD will prosecute false claims and
contractor; in column (d) the balance owing under each original
statements. Conviction may result in criminal and/or civil penalties.
contract; in column (e) the amount of any increases or decreases
(18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
for change orders known to be needed at the time the budget is
2.
Use of Form as Development Cost Budget
submitted; and in column (f) the sum of columns (c), (d) and (e). If
a.
When first used (with form HUD-52483-A, PHA Pro-
the sum of columns (c) and (d) differs from the original contract
posal (PP), Part I, Subpart B, Item 2), the PHA shall submit an
amount in column (f) of the latest approved budget because of
original and 2 copies to the HUD Field Office, as in the case of the
executed change orders, identify such change orders.
PP and other related attachments. (If any major changes are
(3)
For the Final Budget, this Account 1480 is to be
proposed following approval of the PP, a revised PP and PP budget
left blank and the amounts for each completed construction con-
shall be submitted in accordance with Handbook 7417.1.) If there
tract shall be redistributed to the appropriate Accounts 1450
was no preliminary loan, the PHA shall enter the estimated costs for
through 1475, 1485, and 1499. On an attachment to the Final
development of the project in column (f) and complete column (g)
Budget, identify each construction contract by name of contractor
as appropriate. If the PHA received a preliminary loan, the form
and type of work; and show the final contract amounts, broken down
shall be completed as follows. In column (b), cross out the words
in to the appropriate Accounts 1450 through 1475, 1485, and 1499.
“Latest Approved Budget” in the heading and enter the date the
Preliminary Loan Contract was executed; enter the words “Prelimi-
3.
Use of Form as Cost Statement
nary Loan Contract” lengthwise in the column; and enter the total
a.
When used as the quarterly Development Cost Control
preliminary loan amount in line 58. In columns (c) and (d), enter the
Statement (required during the period beginning with the date a
latest readily available figures from the books of account main-
project is placed under an ACC and ending with the date the form
tained for the Preliminary Loan Contract; and, in the heading of
HUD-52427, Actual Development Cost Certificate, is submitted for
column (c), enter the date as of which such figures were taken. In
each project), columns (b), (c), (d) and (f) shall be completed; and
column (e), enter the estimated costs for development of the
columns (e) and (g) shall be left blank. However, in cases where the
project. Enter in column (f) the sum of columns (c), (d) and (e); and
PHA is reasonably certain that it will be necessary to incur additional
complete column (g) as appropriate.
costs that were not anticipated at the time of submission of the
latest approved budget (identified in column (b)), the PHA shall
b.
For subsequent Development Cost Budgets, submit an
enter the estimated amounts of such additional costs in column (e)
original and 2 copies to the HUD Field Office. Enter the date of the
so the Field Office will be aware of its budgetary problems and can
latest approved budget in the heading of column (b) and, for each
take appropriate steps to help solve them. (In such cases, the
line item, enter the applicable latest approved cost. Enter in
amount in column (f) will be the sum of columns (c), (d) and (e).) If
columns (c) and (d) the latest readily available figures from the
form HUD-52484 (8/96)
ref Handbook 7417.1
Page 4 of 5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal