Cal. Code Regs. tit. 25, § 8101
(b) As part of the annual report, the sponsor shall submit an audit of the rental housing development prepared in accordance with generally accepted auditing standards by a certified public accountant. Upon a determination that the cost of meeting this requirement exceeds the potential benefits from it to the department and to the tenants of the rental housing development, the department shall:
(c) Copy of form HCD 820, “RHCP Annual Sponsor Certification,” dated 12/89:
HCD 820, 12/89
RHCP ANNUAL SPONSOR CERTIFICATION FISCAL YEAR _______________
Contract:
Development name:
Sponsor:
The sponsor must send the Audit and Sponsor Certification to HCD within ninety (90) days after the fiscal year ends. Send one copy of the Audit and Sponsor Certification with original signatures, plus an additional copy of the Sponsor Certification.
Check here for forms included:
___
RHCP Annual Sponsor Certification (all projects)
Page 1
___
Report of Actual Income (all projects)
Page 2
___
Report of Actual Expenses (all projects)
Page 3 and 4
___
Calculation of Assisted Unit Expenses (all projects)
Page 5 and 6
___
Calculation of Commercial Space Expenses (with commercial space only projects)
Page 7 and 8
___
Uses of Net Operating Income (all projects)
Page 9
___
Report of RHCP Loan Payment Balances (all projects)
Page 10
___
Report of Vacancy Loss and Uncollectible Rents (all projects)
Page 11
___
Report on Replacement Reserve Account (all projects)
Page 12
___
Report on Operating Reserve Account (all projects)
Page 13
Sponsor Certification
It is hereby certified that all of the representations made by the Sponsor in the Regulatory Agreement and the financial disclosures contained in this report are true and correct, and that there is not any condition, event, or act which would constitute an event of default thereunder, or which with notice, passage of time, or both, would constitute such an event of default.
Sponsor
Signature
Title
Date
REPORT OF ACTUAL INCOME FISCAL YEAR _______________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
BUDGET (A)
ACTUAL (B)
HCD APPROVED (C)
Assisted Units:
10. Total Income -- Assisted Units
Nonassisted Units:
23. Total Project Income
REPORT OF ACTUAL EXPENSES FISCAL YEAR _______________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
ACCOUNT NAME
TOTAL EXPENSES
BUDGET (A)
ACTUAL (B)
HCD APPROVED (C)
MANAGEMENT FEE:
3. TOTAL MANAGEMENT FEES:
ADMINISTRATION:
8. TOTAL ADMINISTRATION:
SALARIES:
17. TOTAL SALARIES:
MAINTENANCE:
24. TOTAL MAINTENANCE:
UTILITIES:
30. TOTAL UTILITIES:
INSURANCE:
32. TOTAL INSURANCE:
TAXES:
35. TOTAL TAXES:
OTHER:
38. Co-op Member Training/Education
39.
40.
42. SUBTOTAL OPERATING EXPENSES:
DEPOSITS TO RESERVE ACCOUNTS:
45. TOTAL DEPOSITS TO RESERVE ACCOUNTS:
FINANCIAL EXPENSES (NON-RHCP):
51. TOTAL FINANCIAL EXPENSES:
DISTRIBUTIONS:
53. TOTAL EXPENSES:
CALCULATION OF ASSISTED UNIT EXPENSES FISCAL YEAR __________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
ACCOUNT NAME
ASSISTED EXPENSES
TOTAL ACTUAL EXPENSES (D)
APPROVED PRORATION FACTOR (E)
ASSISTED UNIT ACTUALS (F)
ASSISTED UNIT BUDGET (G)
MANAGEMENT FEE:
3. TOTAL MANAGEMENT FEES:
ADMINISTRATION:
8. TOTAL ADMINISTRATION:
SALARIES:
17. TOTAL SALARIES:
MAINTENANCE:
24. TOTAL MAINTENANCE:
UTILITIES:
30. TOTAL UTILITIES:
INSURANCE:
32. TOTAL INSURANCE:
TAXES:
35. TOTAL TAXES:
OTHER:
38. Co-op Member Training/Education
39.
40.
42. SUBTOTAL OPERATING EXPENSES:
DEPOSITS TO RESERVE ACCOUNTS:
45. TOTAL RESERVES:
FINANCIAL EXPENSES (NON-RHCP):
51. TOTAL FINANCIAL EXPENSES:
DISTRIBUTIONS:
53. TOTAL EXPENSES:
CALCULATION OF COMMERCIAL SPACE EXPENSES FISCAL YEAR _______________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
ACCOUNT NAME
COMMERCIAL SPACE EXPENSES
TOTAL ACTUAL EXPENSES (D)
APPROVED PRORATION FACTOR (E)
COMMERCIAL SPACE ACTUALS (F)
COMMERCIAL SPACE BUDGET (G)
MANAGEMENT FEE:
3. TOTAL MANAGEMENT FEES:
ADMINISTRATION:
8. TOTAL ADMINISTRATION:
SALARIES:
17. TOTAL SALARIES:
MAINTENANCE:
24. TOTAL MAINTENANCE:
UTILITIES:
30. TOTAL UTILITIES:
INSURANCE:
32. TOTAL INSURANCE:
TAXES:
35. TOTAL TAXES:
OTHER:
38. Co-op Member Training/Education
39.
40.
42. SUBTOTAL OPERATING EXPENSES:
DEPOSITS TO RESERVE ACCOUNTS:
45. TOTAL RESERVES:
FINANCIAL EXPENSES (NON-RHCP):
51. TOTAL FINANCIAL EXPENSES:
DISTRIBUTIONS:
53. TOTAL EXPENSES:
USES OF NET OPERATING INCOME FISCAL YEAR __________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
ASSISTED UNITS
NONASSISTED UNITS
RESIDENTIAL TOTAL
COMMERCIAL SPACE
12. Amount to Deposit in HCD Emergency Reserve Fund
REPORT OF RHCP LOAN PAYMENT BALANCES FISCAL YEAR __________
Contract: ______________________________________________________________________
Units -- Assisted/Total: __________________________________________________
Development name: _______________________________________________________
Prepared by: _________________________________________________________________
AMOUNT
11. Outstanding Interest Balance
REPORT OF VACANCY LOSS AND UNCOLLECTIBLE RENTS FISCAL YEAR _____
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
PROPOSED (A)
APPROVED (B)
Assisted Units:
3. Total Rent Loss -- Assisted Units
Nonassisted Units:
6. Total Rent Loss -- Nonassisted Units
Commercial Space:
7. TOTAL PROJECT RENT LOSS
REPORT OF REPLACEMENT RESERVE ACCOUNT FISCAL YEAR _______________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
PROPOSED (A)
APPROVED (B)
1.
Beginning Balance
2.
Deposits
3.
Withdrawals
4.
Ending Balance
5.
Summary Withdrawals
6.
TOTAL WITHDRAWALS
FOOTNOTES:
REPORT ON OPERATING RESERVE ACCOUNT FISCAL YEAR __________
Contract:
Development name:
Units -- Assisted/Total:
Prepared by:
PROPOSED (A)
APPROVED (B)
1.
Beginning Balance
2.
Deposits
3.
Withdrawals
4.
Ending Balance
5.
Summary of Withdrawals
6.
TOTAL WITHDRAWALS
FOOTNOTES:
Note: Authority cited: Section 50771.1, Health and Safety Code. Reference: Section 50771.1, Health and Safety Code.
1. New section filed 12-29-89 as an emergency; operative 12-29-89 (Register 90, No. 3). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed by operation of law on 4-30-90.
2. New section refiled 4-26-90 as an emergency; operative 4-26-90 (Register 90, No. 23). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed by operation of law on 8-24-90.
3. New section refiled 8-27-90 as an emergency; operative 8-27-90 (Register 90, No. 42). A Certificate of Compliance must be transmitted to OAL by 12-26-90 or emergency language will be repealed by operation of law on the following day.
4. New section refiled 12-19-90 as an emergency pursuant to Health and Safety Code section 50771.3; operative 12-19-90 (Register 91, No. 4). A Certificate of Compliance must be transmitted to OAL by 4-18-91 or emergency language will be repealed by operation of law on the following day.
5. Certificate of Compliance as to 12-19-90 order transmitted to OAL 1-4-91; disapproved by OAL 2-4-91 (Register 91, No. 13).
6. New section refiled 2-20-91 as an emergency; operative 2-20-91 (Register 91, No. 13). A Certificate of Compliance must be transmitted to OAL by 6-17-91 or emergency language will be repealed by operation of law on the following day.
7. Certificate of Compliance as to 6-14-91 order including amendment of subsections (a) and (c) and form transmitted to OAL 5-15-91 and filed 6-14-91 (Register 91, No. 38).