PROJECT PLANNING / TRACKING
FUND
CONTROL AND PROGRAM ADMINISTRATION
FUND
CONTROL AND PROGRAM ADMINISTRATION
CFS
distinguishes debt administration from the smaller subset of financial
advisory services alone in that debt administration includes the
function of both a financial planner, financial advisor and a funds
administrator. CFS has fashioned itself as a resource center for
clients. In addition to representing the District in underwriter
negotiations to ensure fair financing costs and interest rates, CFS
attends to basic principals of sound financial and facility planning by
designing a post bond sale plan that ensures that the District has:
- Identified
a cash flow schedule for using the borrowed funds;
- Adopted
detailed budgets for each component project;
-
Established
a plan for investing and reinvesting funds that either maximizes the
rate of return or the flexibility of availability of funds, or both to
the extent possible;
-
Established
procedures for the timely release of Bond related compliance
items
including insurance certificates, budgets, audited financial
statements, continuing disclosure documentation and ongoing arbitrage
rebate funds to contractors/ vendors when funds are not invested in the
county pool;
-
Established a mechanism for
preparing annual COP/ requirements;
- Established
a financial management report that allows Board and staff to track and
monitor expenditures to minimize cost overruns by project and within
each project by category;
- Established
an accounting system that tracks costs according to OPSC guidelines
including preparation of data for submission as part of the OPSC audit
process.
