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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