Usda Form Rd 3560 7 PDF Details

When navigating the complexities of managing a multifamily housing project, a critical tool in the process is the USDA RD 3560-7 form, officially known as the "Multiple Family Housing Project Budget/Utility Allowance." This form serves a multifaceted purpose, primarily facilitating the annual budget planning for projects under the purview of the United States Department of Agriculture (USDA), including details on utility allowances, rental income, and maintenance costs. It is meticulously designed to provide a comprehensive overview of operational and non-operational cash sources and uses, thereby enabling borrowers and project owners to efficiently report and manage their financials. Notably, it covers areas such as rental assistance received, application fees, laundry and vending income, along with anticipated expenses in maintenance, repairs, utilities, and administration. Furthermore, the form delves into budgeting for capital expenses, giving a clear picture of the funding required for essential repairs and upgrades to ensure the project’s sustainability and compliance with USDA regulations. Completion of this form is crucial as it directly impacts the project's ability to receive necessary funds and maintain operational efficiency. Its structured layout is designed to streamline the budgeting process, making it easier for borrowers to compile and report their financial data accurately, a requirement that reflects the USDA’s commitment to oversight and fiscal responsibility in housing projects.

QuestionAnswer
Form NameUsda Form Rd 3560 7
Form Length6 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 30 sec
Other namesusda rural development form 3560 7, rd 3560 7, usda rural development form rd 3560 7, usda form 3560 7 fillable

Form Preview Example

USDA

 

 

 

 

Position 3

 

 

 

 

 

 

FORM APPROVED

Form RD 3560-7

 

MULTIPLE FAMILY HOUSING PROJECT BUDGET/

 

OMB NO. 0575-0189

(Rev. 05-06)

 

 

 

 

UTILITY ALLOWANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROJECT NAME

 

 

BORROWER NAME

 

 

BORROWER ID AND PROJECT NO.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan/Transfer Amount $

 

Note Rate Payment $

 

 

IC Payment $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reporting Period

Budget Type

Project Rental Type

 

Profit Type

The following utilities are master

 

I hereby request

 

 

Annual

Initial

Family

 

Full Profit

metered:

 

 

 

 

units of RA. Current number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly

Regular Report

Elderly

 

Limited Profit

Electricity

Gas

 

of RA units

.

 

Monthly

Rent Change

Congregate

 

Non-Profit

Water

Sewer

 

 

 

 

 

 

 

 

 

 

Borrower Accounting Method

 

SMR

Group Home

 

 

Trash

 

 

 

 

 

 

 

 

 

 

 

Other Servicing

Mixed

LH

 

Other

 

 

 

 

 

Cash

Accrual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART I-CASH FLOW STATEMENT

BEGINNING DATES>

ENDING DATES>

CURRENT BUDGET

ACTUAL

PROPOSED BUDGET

COMMENTS or (YTD)

OPERATIONAL CASH SOURCES

1.RENTAL INCOME

2.RHS RENTAL ASSISTANCE RECEIVED

3.APPLICATION FEES RECEIVED

4.LAUNDRY AND VENDING

5.INTEREST INCOME

6.TENANT CHARGES

7.OTHER -PROJECT SOURCES

8.LESS (Vacancy and Contingency Allowance)

9.LESS (Agency Approved Incentive Allowance)

10.SUB-TOTAL [(1 thru 7) - (8 & 9)]

NON-OPERATIONAL CASH SOURCES

11.CASH-NON PROJECT

12.AUTHORIZED LOAN (Non-RHS)

13.TRANSFER FROM RESERVE

14.SUB-TOTAL (11 thru 13)

15.TOTAL CASH SOURCES (10+14)

OPERATIONAL CASH USES

16.TOTAL O&M EXPENSES (From Part II)

17.RHS DEBT PAYMENT

18.RHS PAYMENT (Overage)

19.RHS PAYMENT (Late Fee)

20.REDUCTION IN PRIOR YEAR PAYABLES

21.TENANT UTILITY PAYMENTS

22.TRANSFER TO RESERVE

23.RETURN TO OWNER/NP ASSET MANAGEMENT FEE

()

()

()

()

24.SUB-TOTAL (16 thru 23)

NON-OPERATIONAL CASH USES

25.AUTHORIZED DEBT PAYMENT (Non-RHS)

26.ANNUAL CAPITAL BUDGET (From Part III, Lines 4-6)

27.MISCELLANEOUS

28.SUB-TOTAL (25 thru 27)

29. TOTAL CASH USES (24+28)

30. NET CASH (DEFICIT) (15- 29)

CASH BALANCE

31. BEGINNING CASH BALANCE

32. ACCRUAL TO CASH ADJUSTMENT

33. ENDING CASH BALANCE (30+31+32)

According to the Paperwork Reduction Act of I 995, an agency may not conduct sponsor and a person is not required to respond to a collection of information unless it displays a valid

0MB control number. The valid 0MB control number for this information collection is 0575-0189. The time required to complete this information collection is estimated to average 2 1/2 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

PART II-OPERATING AND MAINTENANCE EXPENSE SCHEDULE

CURRENT

BUDGET

1.MAINTENANCE AND REPAIRS PAYROLL

2.MAINTENANCE AND REPAIRS SUPPLY

3.MAINTENANCE AND REPAIRS CONTRACT

4.PAINTING

5.SNOW REMOVAL

6.ELEVATOR MAINTENANCE/CONTRACT

7.GROUNDS

8.SERVICES

9.ANNUAL CAPITAL BUDGET (From Part V- Operating)

10.OTHER OPERATING EXPENSES (Itemize)

11.SUB-TOTAL MAINT. & OPERATING (1 thru 10)

12. ELECTRICITY

 

IF MASTER METERED

13. WATER

CHECK BOX on

14. SEWER

 

front.

15.FUEL (Oil/Coal/Gas)

16.GARBAGE & TRASH REMOVAL

17.OTHER UTILITIES

18.SUB-TOTAL UTILITIES (12 Thru 17)

19.SITE MANAGEMENT PAYROLL

20.MANAGEMENT FEE

21.PROJECT AUDITING EXPENSE

22.PROJECT BOOKKEEPING/ACCOUNTING

23.LEGAL EXPENSES

24.ADVERTISING

25.TELEPHONE & ANSWERING SERVICE

26.OFFICE SUPPLIES

27.OFFICE FURNITURE & EQUIPMENT

28.TRAINING EXPENSE

29.HEALTH INS. & OTHER EMP. BENEFITS

30.PAYROLL TAXES

31.WORKMAN'S COMPENSATION

32.OTHER ADMINISTRATIVE EXPENSES (Itemize)

33.SUB-TOTAL ADMINISTRATIVE (19 thru 32)

34.REAL ESTATE TAXES

35.SPECIAL ASSESSMENTS

36.OTHER TAXES, LICENSES& PERMITS

37.PROPERTY& LIABILITY INSURANCE

38.FIDELITY COVERAGE INSURANCE

39.OTHER INSURANCE

40.SUB-TOTAL TAXES& INSURANCE (34 thru 39)

41.TOTAL O&M EXPENSES (11 +18+33+40)

ACTUAL

PROPOSED

BUDGET

COMMENTS

or (YTD)

Form RD 3560-7

Page 2

PART III-ACCOUNT BUDGETING/STATUS

RESERVE ACCOUNT:

1.BEGINNING BALANCE

2.TRANSFER TO RESERVE TRANSFER FROM RESERVE

3.OPERATING DEFICIT

4.ANNUAL CAPITAL BUDGET (Part V - Reserve)

5.BUILDING & EQUIPMENT REPAIR

6.OTHER NON-OPERATING EXPENSES

7.TOTAL (3 thru 6)

8.ENDING BALANCE [(1 +2)-7]

GENERAL OPERATING ACCOUNT:*

BEGINNING BALANCE

ENDING BALANCE

REAL ESTATE TAX AND INSURANCE ESCROW ACCOUNT:*

CURRENT

 

 

PROPOSED

 

COMMENTS

BUDGET

ACTUAL

 

BUDGET

 

or (YTD)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(

) (

) (

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BEGINNING BALANCE

ENDING BALANCE

TENANT SECURITY DEPOSIT ACCOUNT:*

BEGINNING BALANCE

ENDING BALANCE

(*Complete upon submission of actual expenses.)

NUMBER OF APPLICANTS ON THE WAITING LIST

 

 

 

RESERVE ACCT. REQ. BALANCE

 

 

NUMBER OF APPLICANTS NEEDING RA

 

 

 

AMOUNT AHEAD/BEHIND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form RD 3560-7

Page 3

PART IV-RENT SCHEDULE AND UTILITY ALLOWANCE

A CURRENT APPROVED RENTS/ UTILITY ALLOWANCE

 

 

 

 

 

 

 

 

POTENTIAL INCOME FROM

 

UNIT DESCRIPTION

 

RENTAL RATE S

 

 

EACH RATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNIT

 

 

 

NOTE

 

 

 

 

NOTE

 

 

 

NUMBER

BASIC

 

RATE

 

HUD

BASIC

 

RATE

 

HUD

BR SIZE

TYPE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UTILITY ALLOWANCE

CURRENT RENT TOTALS:

BASIC NOTE HUD

B. PROPOSED RENTS - Effective Date:

 

 

 

 

 

 

 

 

POTENTIAL INCOME FROM

 

 

 

UNIT DESCRIPTION

 

RENTAL RATES

 

EACH RATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNIT

 

 

 

NOTE

 

 

NOTE

 

 

BR SIZE

TYPE

NUMBER

BASIC

 

RATE

HUD

BASIC

RATE

HUD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED RENT TOTALS:

BASIC NOTE HUD

C: PROPOSED UTILITY ALLOWANCE - Effective Date:

MONTHLY DOLLAR ALLOWANCES

BR SIZE

UNIT TYPE

NUMBER

 

ELECTRIC

GAS

WATER

 

SEWER

 

TRASH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER

TOTAL

Form RD 3560-7

Page 4

PART V - ANNUAL CAPITAL BUDGET

Proposed

Proposed

 

Proposed

 

Actual Total

 

Number of

from

Actual from

from

Actual from

Total Actual

Units/Items

Reserve

Reserve

Operating

Operating

Cost

Units/Items

 

 

 

 

Appliances:

Range

Refrigerator

Range Hood

Washers & Dryers

Other:

Carpet & Vinyl:

1BR

2BR

3BR

4BR

Other:

Cabinets:

Kitchens

Bathrooms

Other:

Doors:

Exterior

Interior

Other:

Window Coverings:

List:

Other:

Heating & Air Conditioning:

Heating

Air Conditioning

Other:

Plumbing:

Water Heater

Bath Sinks

Kitchen Sinks

Faucets

Toilets

Other

Major Electrical:

List:

Other:

Structures:

Windows

Screens

Walls

Roofing

Siding

Exterior Painting

Other

Paving:

Asphalt

Concrete

Seal & Stripe

Other:

Landscape & Grounds:

Landscaping

Lawn Equipment

Fencing

Recreation Area

Signs

Other:

Accessibility Features:

List:

Other:

Automation Equipment:

Site Management

Common Area

Other:

Other:

List:

List:

List:

TOTAL CAPITAL

EXPENSES:

RD 3560-7 Page 5

PART VI -- SIGNATURES, DATES AND COMMENTS

Warning: Section 1001 of Title 18, United States Code provides: ''Whoever, in any matter within the jurisdiction of any department or agency of the United States knowingly and willfully falsifies, conceals or covers up by any trick, scheme, or device a material fact, or makes any false, fictitious or fraudulent statements or representations, or makes or uses any false writing or document knowing the same to contain any false, fictitious or fraudulent statement or entry, shall be fined under this title or imprisoned not more than five years, or both.

I HAVE READ THE ABOVE WARNING STATEMENT AND I HEREBY CERTIFY THAT THE FOREGOING INFORMATION IS COMPLETE AND ACCURATE TO THE BEST OF MY KNOWLEDGE.

(DATE)

(Signature of Borrower or Borrower's Representative)

 

 

 

(Title)

AGENCY APPROVAL (Rural Development Approval Official):

DATE:

COMMENTS:

Form RD 3560-7 Page 6

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1. Whenever submitting the form rd 3560 7, ensure to incorporate all important fields in its corresponding form section. It will help to speed up the work, allowing for your details to be processed without delay and accurately.

Part no. 1 in filling out usda rural development forms 3560

2. After the prior part is completed, go on to enter the suitable details in all these - OPERATIONAL CASH SOURCES RENTAL, CASHNON PROJECT AUTHORIZED LOAN, TOTAL CASH SOURCES OPERATIONAL, and AUTHORIZED DEBT PAYMENT NonRHS.

TOTAL CASH SOURCES OPERATIONAL, CASHNON PROJECT AUTHORIZED LOAN, and AUTHORIZED DEBT PAYMENT NonRHS of usda rural development forms 3560

3. Within this step, check out AUTHORIZED DEBT PAYMENT NonRHS, TOTAL CASH USES, NET CASH DEFICIT CASH BALANCE, and According to the Paperwork. These have to be completed with highest focus on detail.

usda rural development forms 3560 writing process explained (step 3)

4. It is time to fill out this next form section! In this case you have all of these CURRENT BUDGET, ACTUAL, BUDGET, or YTD, MAINTENANCE AND REPAIRS PAYROLL, OTHER OPERATING EXPENSES Itemize, check box on, front, If master metered, ELECTRICITY WATER SEWER FUEL, and SITE MANAGEMENT PAYROLL empty form fields to fill in.

Completing section 4 in usda rural development forms 3560

5. As a final point, this final section is what you will have to complete before using the PDF. The blanks in question include the next: SITE MANAGEMENT PAYROLL, REAL ESTATE TAXES SPECIAL, and TOTAL OM EXPENSES.

Filling out section 5 of usda rural development forms 3560

Regarding SITE MANAGEMENT PAYROLL and TOTAL OM EXPENSES, make sure that you review things in this current part. Both these are the key ones in the file.

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