HUD Training Sessions: Financial Management
This course covers those administrative requirements that pertain to the use of Indian Housing Block Grant (IHBG) funds distributed to tribes and tribal housing programs in accordance with the Native American Housing Assistance and Self‐Determination Act (NAHASDA). Students will discuss the skills required to perform the responsibilities related to sound financial management and the methods for complying with 24 CFR Part 85, Office of Management and Budget (OMB) Circulars A‐87, and A‐133 ‐ all of which govern tribal housing finances. During this course, students will develop a working knowledge of the regulations and be introduced to the Generally Accepted Accounting Principles GAAP for tribal housing. We will review transactions that are commonplace in the housing program, and discuss proper transaction controls for safeguarding housing assets. We will review financial statements that will be used for reporting purposes. We will then use this financial information to prepare a budget for the next fiscal year. This training will provide the basics of developing an operational budget for a tribal housing program, and how to budget for various projects and financial sources. Students will also participate in skill building exercises and case studies.
- Provide an overview of the business environment and operation and relevance to financial management.
- Present an overview of concepts and basics of financial management.
- Increase the understanding of management functions, job roles and responsibilities in the field of finance.
- Improve capabilities and proficiency of job skills in the performance of financial functions of the local housing entity, while safeguarding assets through the proper use of internal controls.
- Introduce proper budgeting techniques for housing operations and development.
- Provide a forum for technical assistance and group (peer) assistance by sharing experiences.
WHO SHOULD ATTEND
Housing finance officers, housing finance managers, accountants, accountant technicians, bookkeepers, controllers, housing directors or deputy directors, housing managers, and other interested housing staff. Housing committee members and housing board members are also encouraged to attend.