Module 3 provides information on how to monitor and oversee the financial management of HOPWA activities. There are six units in this module,
each addressing a different aspect of financial management and oversight. This Module is intended to be viewed as a whole.
The topics closely relate to each other and are best considered as a whole. The topics addressed in this module
closely follow the topics and key oversight elements found in the HOPWA Grantee Oversight Resource Guide. The Guide, in turn, closely mirrored
the questions contained in the tool that HUD uses to monitor HOPWA grantees. It is worth repeating that this training is not intended
as an all-encompassing training on every aspect of the HOPWA program. Rather, it focuses on specific topics
that are at the heart of successful HOPWA grant management. Viewers of this training are encouraged to access
the substantial library of HOPWA program technical assistance materials on the HUD Exchange website.
The six units in this module are: Unit 1, Audit Management, which reviews audit requirements for HOPWA grantees and project sponsors and how to monitor them;
Unit 2, Financial Controls, which covers the monitoring of an organization’s basic financial system:
Unit 3 Salaries and Wages, which discusses how personnel costs should be treated and documented;
Unit 4 Cost and Allocation Principles, which looks at how expenses should be properly allocated;
Unit 5 Budget and Record-Keeping, which covers how expenses should be adequately documented, and;
Unit 6 Procurement and Asset Management, which reviews HUD requirements regarding the procurement of goods and services
and the ongoing management of assets purchased with HOPWA funds.