Multifamily Housing Program Financial Management Toolkit

11c. Allocating Shared Personnel Costs

Personnel costs are related either to program, fundraising or management and general functions. They comprise a significant portion of the costs covered with Service Coordination funds. Effective financial management requires that grantees and sub-recipients have in place systems that ensure that personnel costs meet all financial standards and criteria required for reimbursement by HUD. Such systems help establish an unbroken thread from the work performed by an individual staff person to the eligible HUD activity in an approved grant, contract or agreement.