Section3TheCentralOfficeCostCenter：3节中央办公成本中心.pptVIP

Section 3: The Central Office Cost Center The Central Office Cost Center: Learning Objectives Explain the concept and requirements of the Central Office Cost Center (COCC) under the Final Rule Describe the allowable fees charged by the COCC Central Office Cost Center (COCC) Owners of Multifamily properties employ property management companies for the day-to-day operation of properties The Central Office Cost Center will operate like a property management company Final Rule requires all large PHAs (250 or more units) to establish a COCC Central Office Cost Center Business unit within the PHA that earns income from fees and/or by overseeing other business activity Simplifies administrative requirements Provides greater flexibility to support mission of PHA Review: The Flow of Funds Types of Fee Income Property management fee Bookkeeping fee Asset management fee Program management fees and other business activity Fee-for-service (e.g., centralized painting or extermination) Property Management Fee Fee charged to AMPs for oversight provided by COCC Replaces traditional PHA overhead allocations Based on occupied units and HUD-approved vacancies (not including limited vacancies) Average management fee in HUD’s multifamily housing programs was $35 PUM (2004) Methods of DeterminingProperty Management Fees 80th percentile of fees paid by market Local HUD multifamily fee schedules Other compelling local market data Bookkeeping Fee COCC is permitted to charge a bookkeeping fee for the project accounting function of $7.50 PUM Based on occupied units and HUD-approved vacancies (not including limited vacancies) Average bookkeeping fee in HUD’s multifamily housing programs was approximately $3.50 PUM (2004) Asset Management Fee Fees charged to AMPs for those tasks that would be residual if all property management functions were contracted to a third-party ($10 PUM) Subject to the availability of excess cash Based on total number of ACC units Capital Fund Program Management F