The CFO reports directly to and advises the Secretary of the Department on all aspects of financial management, accounting, and budgetary matters; ensures the Department establishes and meets financial management goals and objectives; ensures that the Department is in compliance with financial management legislation and directives; analyzes budgetary implications of policy and legislative proposals; and provides technical oversight with respect to all budget activities throughout the Department.

CFO staff functions include: accounting, budget, and financial management for HUD's budget and appropriation. In addition, CFO financial systems process millions of transactions annually to support HUD projects and meet the needs of the housing community.