The Department of Housing and Urban Development (HUD) has a requirement to provide Accounting and Financial Operations Services (AFOS).

General accounting services consist of: planning and preparation of interim and year-end accounting adjusting entries which are then used in the preparation of financial statements; update and documentation of existing and future processes; production of various management and reconciliation reports; review of existing, and proposal of new, accounting posting models, in accordance with Federal Generally Accepted Accounting Principles (Fed-GAAP) and Credit Reform requirements; provision of General Ledger maintenance; and provision of funds control support, including performance of monthly and year-end budgetary reconciliation for each source program area.

Financial analysis and reporting services consist of: performance of financial analysis; evaluation and documentation of financial process and internal controls based on Treasury, OMB, Federal Accounting Standards Advisory Board (FASAB), GAO, and OIG guidelines; research and analysis in support of new policy initiatives, which includes adjustment of Liability for Loan Guarantee (LLG) models and credit subsidy rate (CSR) estimated for the President’s Budget; assistance in the preparation, and editing, of the FHA Management Discussion and Analysis (MDA) section of the FHA Annual Management Report; and provision of analytical and technical support for quarterly and year-end financial statement and reporting requirements as requested.

In order to prepare the financial statements and budget submissions in accordance with the Credit Reform Act of 1990, modeling (primarily, but not necessarily limited to, refining and updating existing cash flow models and statistical models) shall be necessary to compute the Liability for Loan Guarantees and Credit Subsidy Rates. Support services are required to assist with financial reporting requirements and accounting activities. The Contractor shall also provide assistance in the area of accounting systems operations, including assistance with posting files and entries to the general ledger, functional accounting system maintenance support, reconciliation support and change service request support as required.

Economic analysis (Credit Reform Act support) consists of: development, validation, and refinement of, multifamily, and health care loan loss reserve (LLR), LLG, mark-to-market (MTM), CSR, and recovery on assets (ROA) cash flow models and projections; preparation of gathered balance sheets per format requirements for the FHA financial statements; preparation and update of cash flow model assumptions and documentation; performance of decomposition and sensitivity analysis on the cash flow models and projections; development, refinement, and maintenance of actuarial and multivariate statistical loan performance models; and provision of Credit Reform Act and SAS training.

FHA subsidiary ledger financial operations support consists of assistance in performing and managing financial operations for the general ledger, financial statement reporting, central funds control, central cash management, Treasury reporting, accounting for contracts and grants, and Revenue Management.

The Services shall provide system operational support to assist FHA’s strategic planning, budgeting, operating, accounting and reporting process to comply with law and regulations and perform program efficiently and effectively. The services consist of the following:

• General Accounting Services
• Financial Analysis and Reporting Services
• Economic Analysis (Credit Reform Act Support)
• FHA Subsidiary Ledger financial operational support