Financial Management & Budget

The Fiscal Management of a VR Program is a paramount function of the overall organizational effectiveness of an agency. Without proper financial management, 
agencies run the risk of allocating and expending funds erroneously, which may lead to the provision of ineffective services and improper payments.

Understanding the fundamental elements of financial management, as outlined in federal statute and regulations, such as the UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (Uniform Guidance), the code of federal regulations for STATE VOCATIONAL REHABILITATION SERVICES PROGRAM, and The Rehabilitation Act of 1973, as amended by title IV of the Workforce Innovation and Opportunity Act (WIOA), is essential for ensuring that agencies not only remain in compliance with all funding requirements, but that agencies are empowered to make legal and ethical decisions.

The overarching goal of this VR Program Fiscal Management information is to provide tools and resources to help your agency understand the most prominent components of financial management.

These resources can help agencies:

• Plan expenditures effectively;
• Make expenditures effectively;
• Track expenditures effectively; and
• Report expenditures effectively.

The end result of sound fiscal practices is to assist VR programs in achieving program objectives related to individuals with disabilities obtaining employment. 
Questions about the topics on this page can be sent fiscal@vrtac.org.