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CLIENT: DC OFFICE OF THE CHIEF FINANCIAL OFFICER, OFFICE OF FINANCE AND TREASURY

Country:  United States

Sector:  State, Local and Federal

Service:  Accounting

Year:  2017 – On-going

Project:  DC 529 College Savings Program Financial Statements Preparation

 

Project Description: The District of Columbia College Savings Program (the “Program”) was created by D.C. Law 47-4501 et seq., as amended and pursuant to D.C. Regulations, 49 DCR 9859, November 1, 2002 made final at D.C. Mun. Regs, title 9 sec. 155 (2004), as a Trust of the District of Columbia government (the “District”).  The Program enables participants to save for qualified higher education expenses. The Chief Financial Officer of the District of Columbia or his/her designee is the Trustee of the Plan. The current designee is the D.C Treasurer.  The Trustee is responsible for entering into contracts for program management services, adopting program administration rules and regulations, and establishing investment policies.   The Program is available to both District of Columbia and non-District of Columbia residents. It is a qualified tuition program that allows participants to make contributions into sixteen different investment options. The account balance limit is $500,000 per beneficiary. Accounts are subject to market investment risk, except for those that are invested in the Principal Protected Portfolios, which focuses on protecting the invested principal.

 

IBS Management & Consultancy Services is under a seven year contract with the District of Columbia, Office of the Chief Financial Officer (OCFO), Office of Finance and Treasury (OFT) to assist the OFT prepare the financial statements of the Program at year end September 30, starting in 2017 and accompanying notes and Management’s Discussion and Analysis in accordance with accounting principles generally accepted in the United States of America as prescribed by the Government Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).

 

NAICS

541611 Admin Mgmt. & Gen. Mgmt. Consulting Services

541990 All Other Professional, Scientific & Technical Services

541211 Certified Public Accountants

541219 Other Accounting Services

541618 Other Mgmt. Consulting Services

541690 Other Scientific & Technical Consulting Services

561110 Office Admin Services

561499 All Other Bus. Support Services

611430 Prof. & Mgmt. Dev. Training

CERTIFICATIONS

Certified Small Disadvantaged Business (SBA-8a, DC, MD, VA, PA and NJ)

SBA 8(a) -  Program Code/Case Number is 307466.

Certified Minority Business Enterprise

CAGE : 6VUR3; DUNS: 078664340

GSA Contract Number: GS-00F-327GA

DC OFFICE

1627 K St, NW, Suite 500

Washington, DC 20006

Tel: 202-609-8830

MD OFFICE

13201 14th Street

Bowie, MD  20715

Tel: 301-379-2196

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