Home                                     
Company Profile
Services
Peer Reviews
Feedback
FAQ's

 

Contact Us
Featured Newsletters

"Bullet Proofing Your Business From Failure"

 "Bullet Proofing Your Business From Failure"

"A simple, yet comprehensive approach to maintaining or starting a small business."
Click Here to Order Your Copy!
Also available at:
Purchase your copy at Barnes & Noble.com!

              

 

 

Newsletter

Emerging Issues
Community Action Agencies......
                             "The Age of Accountability"

In recent years, changes in state and federal laws and regulations have affected the Community Action industry. With the arrival of this "age of accountability," the actions of agency directors and managers have become increasingly subject to close scrutiny by federal agencies, the Inspector General, the General Accounting Office, Congress and the general public.

This period has also seen the implementation of several initiatives which, over time, will enhance Community Action Agencies' fiscal integrity and image.

The mandate is clear... agency directors and mangers must develop, implement and maintain strong systems of both accounting and administrative controls and financial management. These are to be capable of producing reliable and meaningful financial information for management use and auditable financial statements.

As never before, Community Action Agencies' financial managers must do more with fewer resources, and must function in a more efficient, effective and accountable manner.

 

How We Can Help!

 

Clausell & Associates is a 100% minority owned firm. Our personnel can help your agency's management succeed in meeting the demands of these changing times. Many members of Clausell & Associates' staff are experienced in not-for-profit accounting, auditing and financial management consulting. We have experience in representing clients on various matters involving federal audits and cost negotiations.

We can assist your financial management with the following:

bulletFinancial Audits, Strategies, and Studies
bulletHead Start Compliance Issues
bulletIndirect Cost and Cost Allocation Plans
bulletGAAP Studies
bulletCorrective Action Plan and Assistance
bulletTechnical Assistance With Federal Laws and Regulations
bulletSystem Design and Implementation
bulletFinancial Management System Reviews
bulletFinancial Management Consulting
bulletMaximizing Use of Federal Funds
bulletHead Start Budget Planning

 

Financial Audits, Strategies and Studies

We perform audits for Community Action Agencies. Our audits are conducted in accordance with the "Yellow Book", AICPA standards and OMB Circular A-133. Our audit reports include reports on internal control and compliance.

Other financial strategies and studies include maximizing and improving cash management over various Community Action programs such as:

bulletHead Start, Pre-K, Extended Day Care
bulletCommunity Services Block Grant
bulletWork First
bulletCACFP
bulletLIHEAP
bulletSSBG
bulletCommodities Food and Nutrition
bulletAging Programs (e.g., Title III, Title V, Community Care Services, etc.)
bulletJTPA
bulletOther State & Federal Programs

Indirect Cost and Cost Allocation Plans

We provide technical assistance in evaluation and preparation of indirect cost and cost allocation plans.

Corrective Action Plans and Certification Procedures

We assist Community Action Agencies in resolving issues arising from audits performed by grantors and other auditors.

Technical Assistance with Federal Laws and Regulations

We can provide the following:

bulletAn assessment of current practices for conformity with federal laws and regulations.
bulletTechnical and hands-on assistance in establishing new policies, procedures, drafting processing forms, etc., to assure your compliance with federal laws and regulations.

System Design and Implementation

We have in-house capability to design and implement financial management systems using accounting and financial management software packages.

Financial Management Consulting

We provide a wide range of financial management consulting services to Community Action Agencies. Services include:

bulletCost Accounting (e.g. OMB A-110, A-133, and A-122, etc.)
bulletOperational and Financial Management
bulletIndirect Cost Rates
bulletDevelopment of Policies and Procedures
bulletFinancial Analysis
bulletTax Compliance Issues
bulletMatching Compliance Issues

Maximizing Use of Federal Funds

We can assist Community Action Agencies in developing and implementing grant close-out procedures to maximize use of federal and state funds including preparation of federal financial reports (e.g. Federal Form 269, Federal Form 272, etc.)

For further information on how we can assist your agency, please feel free to contact us to discuss your present and future needs.

[BACK TO TOP]

 

Home / Company Profile / Services / Peer Reviews / Feedback / FAQ's / Newsletters

 

Copyright 2000-2004 Clausell & Associates, P.C. All rights reserved.