Office of the Chief Financial Officer
: The NeighborWorks America chief financial officer is responsible for managing and reporting the corporation's finances. He is the key point of contact for the stakeholders listed below.
NeighborWorks board of directors
: The board of directors
includes the heads of the federal financial regulatory agencies, including the Federal Deposit Insurance Corp., National Credit Union Administration, Federal Reserve System, Office of the Comptroller of the Currency, and the Secretary of the Department of Housing and Urban Development. Internal and external auditors report directly to the NeighborWorks board of directors.
Office of Management and Budget (OMB)
: Every year, the corporation prepares an annual budget submission for the OMB providing detailed financial and programmatic information regarding how the prior year’s appropriation was used, along with its plans for the requested funds for the next fiscal year. A recommended funding level for the corporation is included in the President’s budget request to Congress. We also submit our contigency plan for lapse in appropriations
, which was updated Sept. 24, 2021.
: NeighborWorks America submits an annual budget justification to its Authorizing and Appropriations Committees in both houses of the U.S. Congress. This provides detailed financial and programmatic information regarding how the prior year’s appropriation was used, programmatic outcomes and accomplishments, plans for the coming year and other information. Read the budget justification
|Photo Credit: Alexander Baxevanis
Internal auditing is an integral aspect of a broader oversight, auditing and reporting process used by NeighborWorks America to assure compliance with all applicable rules and regulations, as well as prudent use of every dollar expended. More information»
The mission of the Office of Internal Audit is to provide independent, objective assessments. The scope of its work is to determine whether the corporation’s risk-management, control and governance processes are adequate and functioning in the prescribed manner. This is usually determined during an audit review.
The chief audit executive of the Office of Internal Audit reports directly to the board of NeighborWorks America through the Audit Committee and administratively to the chief executive officer.