Changing Needs and Expectations for CFOs in Community Action

Strategic Issues Facing CAAs Webinar Series

m

Financial



Executive Director, Finance Director



2014

What does it take to be truly effective as a Chief Financial Officer (CFO) in Community Action? The answer for most CAAs goes way beyond the basics–an excellent knowledge of accounting principles, OMB Circular requirements, and specific funding source compliance issues. Today’s CFO must also be an outstanding communicator and a true strategic partner for the Executive Director. Effective CFOs provide tools to help managers test the financial impact of new strategies and monitor progress toward key financial goals. Increasingly, CFOs are cash management experts–dealing with daunting challenges when state reimbursements slow down or contracts are delayed. Many CFOs wear multiple hats, managing IT, HR, and facilities functions as well as core accounting and financial reporting. Learn how experienced CFOs are finding the time required to shift their focus to new demands by streamlining accounting functions, and how new CFOs are getting the support they need to be effective in the complex world of Community Action.

Presented on: May 14, 2014
Presented by: Kay Sohl, Kay Sohl Consulting

This is a members-only resource.
You must be logged in to view. Login

Related Resources:

Departmental Appeals Board Article Archive

The Department of Health and Human Services (HHS) is the largest grant-making agency in the federal government. HHS’s Departmental Appeals Board (DAB) is responsible for providing dispute resolution services for HHS grants and programs. Grantees can appeal determinations...

Uniform Guidance Crosswalk

This Crosswalk focuses on key substantive changes made in 2024 to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR Part 200 (Uniform Guidance). The Uniform Guidance is a set of regulations that govern the oversight...

HHS Refreshes the GPS… Again

For the fourth time in twelve months, the U.S. Department of Health and Human Services (HHS) has released a new version of its Grants Policy Statement (GPS) effective October 1, 2025. Prior to these changes, the GPS had remained unchanged since 2007. These recent revisions...