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Areas of Expertise Accounting and Financial Reporting
Budgeting Financial Planning Audit Workpaper Preparation and Audit Coordination Insurance Cash Investments and Cash Management Administration
Management Elections Bond Issuance Arbitrage Compliance Special District Personnel Common Area Maintenance Homeowner Communications |
he fundamental service the Firm provides is a complete accounting and financial reporting system that is oriented toward providing budgetary and management financial reports. These reports are designed to provide the information to the organizations' boards of directors to equip them with the financial information they need to manage the financial affairs of the organization in a professional and prudent manner. The financial statements compiled by the Firm are prepared on a "non-GAAP" basis focusing on management issues and are reconciled to the GAAP financial statements.
significant emphasis is placed on the budgeting process, working closely with the organization on budgeting expenditures and corresponding revenue sources. This process involves analyzing revenue sources such as members dues, guest fees, transfer fees, etc. Actual results are then compared to budgets on an ongoing basis and financial forecasts are updated so the organization can see not only "where it has been" but also "where it is going".
n many situations, a long range financial plan is a very helpful financial tool. The Firm utilizes this tool to help its clients to plan for their financial future and to manage their day-to-day financial affairs in the context of a long range financial plan.
ur Firm does not conduct audits because it is not independent from its clients but many of the Firm's clients are audited on an annual basis. For clients that are audited, at the end of each fiscal year audit workpapers are prepared and the audit is coordinated by our Firm with the organization's independent auditors. The Firm works closely with the State Auditor when necessary if audit issues arise involving the Firm's governmental clients.
orking with independent insurance brokers, the Firm can coordinate obtaining general liability, property, automobile and directors & officers (governmental officials) insurance. The Firm works closely with insurance brokers to ensure that there are not gaps or duplications in coverage. Competitive bids are obtained on a periodic basis to ensure that insurance premiums paid are competitive.
reparation of board meeting notices, annual members meeting notices, advance "packets" of information for board and member meetings, attending meetings, taking minutes, etc. are all services the Firm has the ability to provide when needed.
omeowner Communications is a major aspect of association management and we have an office that is always staffed with personnel available to respond to homeowners questions and concerns.