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Financial Management

Transparency is our first priority of financial management and administration. AMC's financial staff will efficiently manage your organization's day-to-day financial operations—including systematically recording, reporting, and analyzing all financial transactions—under the direction of AMC's chief financial officer, John Ozga, MBA CPA.

AMC has a history of helping its clients maintain solvency. Several of our clients have shown considerable gains in their financial health during their partnership with AMC.

AMC strongly believes in maintaining financial controls to provide a system that leaves no questions about the status of our clients' finances. Independent auditors selected by AMC clients annually review our system of internal controls. Auditors have annually validated the strength of AMC's system of internal controls.

Working closely with your treasurer and others on your board, AMC's Finance Team, which includes certified public accountants, helps clients to

  • develop and achieve both short- and long-term financial goals
  • create and manage client annual budgets
  • develop and implement investment strategies
  • track revenue and expenses for every aspect of your organization including progress versus actual results and budgeted goals
  • develop a revenue and expense forecast tool that empowers volunteer leaders with critical management data to ensure budgeted goals are achieved
  • facilitate annual audit and income tax return preparation by independent accounting firms.

Budgeting

We invest a great deal of effort into preparing each client's budget. We also ensure that financial statements and budget formats match to facilitate comparison. Each month, our finance staff creates a year-end projection based on actual results and remaining budgeted amounts, providing a very useful management tool for the board and staff.

Reporting

AMC creates accurate, understandable client financial information in a timely manner, with monthly statements prepared within 25 days of each month's end. We work closely with clients to ensure the information we provide satisfies their needs. All of AMC's accounting systems, across all clients, are based on project accounting. This provides an accurate financial picture because expenses are allocated to specific projects, and a direct connection can be drawn between budgets and expenses.

Treasurer Orientation

AMC is committed to conducting all financial transactions and overseeing the financial management of its clients with transparency, integrity, and full disclosure to boards of directors. That is why AMC's finance staff will meet, as a matter of standard operating procedure, with current and future treasurers to orient them to AMC's financial procedures at the very beginning of each treasurer's term.
 
CoreSource ASAE AMC Institute Best Places to Work 2010

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