Financial Services
Budgeting and Fiscal Controls
Preparation, monitoring and control of annual operating budgets including revenue projections, staffing analysis, cash flow projections, and analysis of subsidy and charity programs.
- Review and approval of community rent rolls and training of on-site personnel in rent roll preparation.
- Production of community general ledgers and distribution of monthly financial statements.
- Supervision of bookkeeping services to ensure timely and accurate rent collection with accounts receivable kept to an absolute minimum.
- Monitoring of local, state and federal program requirements including HUD, Medicare, Medicaid, and state and local subsidy programs.
- Review and management of insurance coverage and policies including worker's compensation programs, property, casualty, liability, employment practices, Directors and Officers liability insurance, and other insured risks.
Payroll and Vendor Payment
- Payroll processing
- Payroll tax and compliance reporting
- Processing and payment of vendor invoices according to established policies and procedures.
- Research and review of purchase transactions. CSM continually searches out opportunities for more competitive pricing, improved quality services and/or a wider range of services to facilitate provision of quality care.
Capital Needs
- Evaluation and prioritization of capital needs, preparation of capital budgets and management of capital improvement process to include:
- RFP preparation
- Bid analysis and award
- Scheduling
- Invoice review and payment
- Project progress review and determination of completion and contractual compliance
- Final payment authorization
Financing Alternatives
- Refinancing consultation
- Third party bond reporting
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