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:

CAPLAW and NCAP Comments on Uniform Guidance NPRM

CAPLAW and the National Community Action Partnership (NCAP) will be submitting joint comments on the Office of Management and Budget’s (OMB) proposed changes to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards...

Understanding the Proposed Changes to the Uniform Guidance

In this webinar, CAPLAW staff discussed key, potential changes on the horizon to the rules that govern the administration and use of federal awards. On May 29, 2026, the Office of Management and Budget, along with a number of federal agencies including the Department of...

OMB Proposes Significant Changes to the Uniform Guidance

On Friday, May 29, 2026, the federal Office of Management and Budget (OMB) published proposed revisions to the framework governing federal grants management and the use of federal grant funds. The proposal covers Title 2 of the Code of Federal Regulations, including 2 CFR...