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Bookkeeping | Investment Services | Arbitrage Compliance Management | Utility Savings Program
Bookkeeping
Municipal Accounts & Consulting, L.P. is capable of providing a turn-key bookkeeping solution for governmental entities, water districts, not-for profits, businesses and individuals. We can work alongside you at your office or coordinate remotely to save time, effort and resources. Our Bookkeepers handle the full cycle accounts payable, accounts receivable, payroll, bank reconciliations, investments and general consulting. For districts that utilize the county Tax Assessor Collector for collection of their ad valorem taxes on behalf of their political taxing authority, we can reconcile and report with complete transparency collections based on current data received from the county. With over forty (40) on staff, we have a great diversity of talent that can be matched to meet your needs.
Investment Services
We currently maintain books and records for over 250 utility districts, cities and municipalities, with many having multiple accounts and ledgers. The positive relationships we have established with financial institutions across the state gives us better rates and services than what a single entity might receive. We find that currently, we can generate an extra 50 to 75 basis points over current TexPool and/or major financial institution certificate of deposit (CD) rates. We have a staff of employees solely dedicated to the management of your investments so that your entity will maximize its return while protecting the principal.
Arbitrage Compliance Management
The firm provides arbitrage services for water districts and municipalities that have issued tax-free municipal bonds. These services are necessary in order for districts to remain compliant with Internal Revenue Service guidelines associated with tax-free bond issues. The following services are included as part of the firm’s arbitrage program:
- Analyze each bond issue for Yield Restriction Requirements;
- Analyze each bond issue for Rebate Calculation Requirements;
- Provide a summary sheet of analysis with corresponding backup for the current period;
- Work directly with Arbitrage Rebate companies to present engagement letters for any required formal reports, as necessary, for Board approval;
- Maintain schedule of reporting due dates of each outstanding bond issue to help facilitate timely completion and filing of compliance reports as required.
Utility Savings Program
Since 2000, over eighty (80) of our clients elected to participate in our Utility Savings Program for water districts. The purchasing power created with this program allows us to negotiate substantial cost savings and favorable terms and conditions for our clients with a very reputable service provider. The program offers participating districts the option of a fixed price contract or a flexible price plan. The combined electricity usage of the participating districts was approximately $8 million for the prior twelve (12) month period, and the districts have saved an average of 20% on their energy price compared to using the provider of last resort.
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