|
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, not-for profits, businesses and individuals. We can work along side you at your office or coordinate remotely to save time, effort and resources. We can handle the full cycle bookkeeping from accounts payable, accounts receivable, payroll, bank reconciliations, investments and general consulting. With over thirty (30) 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 200 entities, 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 districts 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
In May 2007, fifty-nine (59) of our clients elected to participate in our Utility Savings Program. This was second pool since deregulation back in the year 2000. The purchasing power created with this program allowed us to negotiate substantial cost savings and favorable terms and conditions for our clients with a very reputable service provider. The program offered participating districts the option of a fixed price contract or a flexible price plan. The combined electricity usage of the participating districts was approximately $6 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.
|
