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Guide for Review of Financial Management - Modified for CDBG-DR Grantees under Public Law 113-2


Date Published: March 2013


This checklist contains CPD Monitoring Handbook Exhibit 3-18: Guide for Review of Financial Management, modified for the use of CDBG-DR grantees under the Disaster Relief Appropriations Act, 2013 (Public Law 113-2). The law requires the HUD Secretary to certify, in advance of signing a grant agreement, that the grantee has in place proficient financial controls. A CDBG disaster recovery grantee must use this Exhibit to demonstrate its conformity to financial management requirements as required by the Department at 78 FR 14329 (published March 5, 2013). The exhibit is divided into nine sections covering: Financial Management; Advances; Internal Controls; Accuracy of Report Information; Program Income; Salaries and Wages; Indirect Costs; Lump Sum Drawdowns; and OMB Circular A-133. The program participant’s financial management system is to be reviewed for compliance with 24 CFR Parts 84, 85, and 570 (as applicable). All references to “program participant” refer to the CDBG disaster recovery grantee. For simplification purposes, the term “subrecipient” will be used in this guide to refer to all secondary organizations (including units of local government that receive funds from a CDBG disaster recovery State grantee). As used in this Exhibit, the term “standards” is synonymous with “procedures”.

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Grant Type: CDBG-DR
Program Area: Not Specific
Topic: Financial ManagementMonitoring and ComplianceProcurement
Phase: Pre-agreement
Disaster Year: Hurricane Sandy and Other Disasters Occurring in 2011-2013 (P.L. 113-2)

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