CLIENT: DC HOUSING FINANCE AGENCY

Country:  USA, Washington DC

Sector:  State, Local and Federal Government

Service:  Accounting/Management Consulting

Project:  Financial Advisory and CFO Services


Project Description: In April 2016, DCHFA hired a new Executive Director to lead the realms of the organization. The Executive Director (ED) conducted an initial high level assessment of financial and program operations, and determined that DCHFA’s books of accounts and general ledgers are not maintained at a level adequate to facilitate timely quarterly closing of the ledgers and preparation of financial statements for management and other stakeholders use for decision making. As a result of an initial high-level assessment conducted by the new ED, IBS was engaged to provide a host of consulting services including:  

  • Conduct a comprehensive Financial Operations Assessment;
  • Participate in the hiring of a CFO; and
  • Provide support  services related to maintenance  of  general ledgers, preparation  of financial statements, including: evaluation of a future automated financial solution and implementing improved business processes, and transition for new CFO.

Share by: