Finance and accounting support services to help schools face their challenges
Education is one of the nation’s top priorities, but traditional revenue sources have taken a heavy hit in the new economy. If you are an administrator looking for answers to this dilemma, the Plante & Moran government accounting professionals (PMGAP) team has the skills and experience to help.
You will appreciate the flexibility and range of services the team offers. The PMGAP team can offer you a finance director or an accounting staff on an interim or long-term basis. The professionals on the team are well versed in the issues that school districts are facing and can bring fresh ideas to your situation. You can depend on them to be valuable collaborators who will help you tackle some of your most pressing issues.
Accounting assistance can be a lifesaver
More and more schools are finding that their resources are continually constricted and they now have fewer business office personnel to rely upon.
Using our PMGAP team can save business offices time and money, while ensuring dependable, accurate financial reports. Our PMGAP team can help you with everything from bookkeeping and transaction processing to strategic planning. Having timely, correct information to use in decision making is essential. Just as essential is having solid information to explain difficult decisions to your staff and your community.
In these challenging times, you will particularly appreciate the depth of our team, the accuracy in our reporting, and our ability to adapt our service to your specific needs.
Signals that it is time for Plante Moran’s gap team
When is it time to call in the PMGAP team? Rapid turnover in your key finance people, unreconciled accounting records, and late audits are some major indicators that it is time to make the call.
One school superintendent called because his district missed the filing deadline for its audit, and when the audit was complete it indicated an operating deficit far greater than expected. The PMGAP team began by gathering current financial information so that the school board members and administration had the financial information they needed to make decisions on how to move forward.
Once the district had a better understanding of where it was financially, the Plante & Moran team focused on the day-to-day accounting of the district and began implementing changes to the district’s internal control structure to address the reasons behind the surprise audit findings.
The Plante Moran team continues to provide accounting outsourcing and financial services to the district by maintaining its accounting records and overseeing the budget preparation, audit preparation, and other external reporting requirements.
This is just one example of how one district utilized the financial support services of the PMGAP team. To help schools in these challenging times, we offer a full menu of services designed to support leaders in government and education adjust to the New Normal.
Our menu of services for schools includes:
- Financial statement audits
- Strategic technology planning
- A-133/Single audit
- Long range planning
- Cost containment
- Financial reengineering
- Accounting outsourcing
- Employee benefits consulting
- Facilities planning & construction management