Collection: HCV Financial Management
NMA’s HCV Financial Management is the most comprehensive training on financial management in the HCV program offered anywhere. This three-day training will provide you with the knowledge and tools needed to understand how the program is funded and how to maximize the use of your available funding. In addition, this course will teach you how to determine the number of units your funding will support, and how to use monitoring tools to stay within your available funding.
Other topics covered in this course include HUD’s various regulatory financial management requirements, such as the investment of excess program funds, the collateralization of funds, the use of reserves, insurance requirements, and possible sanctions for non-compliance. You will learn how to report program activity in the Voucher Management System (VMS) and how to establish a system of internal controls. You will also learn how to make use of HUD's Two-year forecasting Tool (TyT) to better utilize your funding.
This course will be most beneficial to housing authority program staff responsible for managing the number of units to lease based on funding as well as those responsible for VMS and TyT tracking. As well as program staff that want to learn why the Accounting department requests some of the information they do. Additionally, the accounting team would benefit from the discussions on tracking the number of leased units based on funding and the VMS and TyT discussions. For newer accounting staff this class is recommended prior to the HCV Financial, Accounting and Reporting class. Independent auditors desiring to understand HUD’s financial management requirements for the HCV program will likewise benefit from attending.
View the agenda for in-person classes
View the agenda for live web trainings
METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A
LENGTH: Three days
AUDIENCE: Accounting and finance staff, HCV program staff and executive directors
PROGRAM LEVEL: Basic
ADVANCED PREPARATION: None