The MAACLink fund management function is used by MAAC to allocate and track utility assistance funds and other emergency assistance funds where specific criteria must be met to qualify for assistance. MAAC currently manages several large corporate utility funds in 8 states; special assistance funds that are passed through to agencies using MAACLink. This function offers an additional layer of security and accountability to MAAC managed funds. MAAC writes checks out of MAACLink directly to vendors so cash is not received by a client or an agency, so agencies don’t have to deal with making payments and accounting for funds.
MAACLink Fund Management functionality is also available to MAAC client agencies for use with their own agency pass through fund accounts. The MAACLink Fund Management module allows an agency to verify a recipient’s eligibility, document services, and retrieve reports on services and clients. On-line fund balances are available on MAACLink for internal agency management and networking among the agencies that share a data environment.
Features include:
- Resource allocation and accounting at the client, agency and community level
- Built-in eligibility guidelines to ensure clients meet fund criteria
- Supports paperless grant approval process
- Generates checks to vendors or Letters of Direction for bank or accounts payable departments, including lists of customer accounts for application of payment by vendor
- Makes real-time fund balances available to all participating agencies
