Newsletter

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:

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:

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:

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:

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.

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