Multifamily Housing Program Financial Management Toolkit

Knowledge Check – Reporting

Select the appropriate response to complete the statement and then, select the Submit button.

1. An effective reporting plan includes the following components:

A. Identification of data elements for each grant and funding source
B. Specific plans regarding which departments or individuals will be responsible for tracking and reporting each data element
C. Strategies to improve performance if programmatic goals are not met
D. A and B
E. All of the above.

2. Reconciliation (making sure that all accounts are consistent with one another and with past reporting) is ideal, but not as important as other aspects of the reporting process.