How to plan and manage budgets, track cash flow, maintain accurate room & board records, implement internal controls, optimize staffing and schedules, establish policies and procedures, monitor KPIs, and prepare for audits while maintaining compliance.

AFC owners, administrators, supervisors, and new managers seeking practical, finance-forward leadership skills for residential care settings.

Do I receive a certificate?

Yes. A certificate of completion is issued upon successful completion for personnel and compliance records.

1116 - Effective Financial & General Management

Budgeting & Cash Flow

Forecast revenues and expenses, manage reserves, and plan for variable census or staffing costs.

Room & Board (R&B) Accounting

Track SSI/SSA payments, co-pays, deposits, and receipts; reconcile ledgers and maintain audit-ready records.

Internal Controls

Separation of duties, approvals, and documentation practices that reduce errors and deter misuse of funds.

Staffing & Scheduling

Align staffing patterns with resident needs and budget; minimize overtime while maintaining safety and quality.

Policies & Risk Management

Write clear procedures for purchasing, petty cash, mileage, vendor selection, and incident escalation.

KPIs & Audits

Use key metrics and periodic audits to keep operations compliant, efficient, and survey-ready.

What You’ll Gain

Downloadable budgeting and cash-flow templates
Room & board reconciliation checklist
Internal control and purchasing policy samples
Staffing/scheduling planning worksheet
Certificate of completion for Michigan AFC CEU records

Start Learning

Part of Direct Care Training & Resource Center, Inc.’s Michigan Adult Foster Care CEU catalog.

Group Living/Adult Foster Care Course 1116 - 4 CEUs - Effective Financial and General Management

Course curriculum

Chapter 1 - Being Effective in General & Financial Management

Chapter 2 - REVIEW QUESTIONS

Effective Financial & General Management