In the context of overall agency strategic objectives, the department identifies program funding sources and assists with proposal development, implementation planning, and program evaluation. The department is in close contact with key state, federal, and local agencies and monitors legislation relevant to ABCD programs and the low-income population of the city. Special Projects helps to identify and develop new sources of support for ABCD programs, with an emphasis on payroll deduction campaigns. The Finance Department works closely with program management in planning and implementing the business end of ABCD programs. This includes developing and monitoring budgets, preparing reports, and processing and receiving payments.
Finance is the liaison with many outside organizations.
The department prepares the annual financial statements for the agency and its subsidiaries, coordinates the annual audit, interacts with banks and other financial institutions, and prepares reports for funding sources. The department also ensures that the agency is in accordance with all regulatory requirements and serves as a contact point for regulators as needed. The Board Liaison Office assists the executive and program staff, the President, and the Board of Directors to prepare for the monthly meetings of the board and provides all of the services necessary for a well-informed board to carry out its responsibilities effectively. This office also maintains the corporate records of the agency. In addition, it performs similar duties for the ABCD Real Estate Corporation, ABCD Community Properties, and ABCD Low-Cost Housing, including keeping the corporate records.