Exhibit B-7 to Subpart C of Part 1930 - Annual Project Management Reports

Report of item requiredDue datePrepared byReport or item applicable toDistributionReferences and notesMultiple Family Housing Project Budget Form FmHA or its successor agency under Public Law 103-354 1930-7In last quarter of fiscal year in sufficient time for FmHA or its successor agency under Public Law 103-354 approval before start of next fiscal yearBorrower (Agent)All projectsCopy kept by borrower. Original and one copy to FmHA or its successor agency under Public Law 103-354 Servicing Office; original with comments to State Office by Servicing Office. *State Office makes copy (with State Office comments) and returns original to Servicing OfficeInstructions for preparation are in the FMI for Form FmHA or its successor agency under Public Law 103-354 1930-7.Housing allowance for Utilities & Other Public Services (Exhibit A-6 to subpart E of part 1944 of this chapter)Must be submitted with Form FmHA or its successor agency under Public Law 103-354 1930-7Borrower (Agent)Plan II and rental assistance projects where tenant pays any utilitiesCopy kept by borrower. Original and one copy to FmHA or its successor agency under Public Law 103-354 Servicing Office with backup data; Servicing Office returns original to borrower after State Office approval.*Instructions for preparation are in subpart E of part 1944 of this chapter.Note: All Preceding Items Will Be Submitted Separate From Audit/Verification of ReviewAudit ReportWithin 90 days following close of borrower's fiscal yearBorrower's CPA or LPA in accordance with booklet “U.S. Department of Agriculture, Farmers Home Administration or its successor agency under Public Law 103-354 Audit Program”Projects with 25 or more units in one or more projects, or as required by FmHA or its successor agency under Public Law 103-354 State DirectorCopy kept by borrower. Original and one copy to FmHA or its successor agency under Public Law 103-354 Servicing Office; one copy to State OfficeWill be submitted separately from other borrower management reports.Multiple Family Housing Borrower Balance Sheet (Form FmHA or its successor agency under Public Law 103-354 1930-8)Within 90 days following close of borrower's fiscal yearBorrower (Agent)All projectsCopy kept by borrower. Original and one copy to FmHA or its successor agency under Public Law 103-354 Servicing Office. Servicing Office sends original to State Office. *State Office makes copy and returns signed original to Servicing OfficeInstruction for preparation in the Forms Manual Insert for Form FmHA or its successor agency under Public Law 103-354 1930-8.Verification of Review (in lieu of audit report) according to this subpart (Form FmHA or its successor agency under Public Law 103-354 1930-8)Within 90 days following close of borrower's fiscal yearQualified individual, independent of the borrowerProjects with 24 or fewer unitsCopy kept by borrower. Original to FmHA or its successor agency under Public Law 103-354 Servicing Office; Servicing Office makes one copy for State OfficeInstruction for preparation in the FMI for Form FmHA or its successor agency under Public Law 103-354 1930-8. Submitted separate from annual review items.*Signed copy goes to State Office when Servicing Office staff have received delegated approval authority.