FINANCIAL ANALYSIS

LRM will provide analysis and reporting with a focus on the following services:

Balance Sheets
All balance sheet accounts will be analyzed and reconciled monthly. These will be maintained in hard copy binders for each fiscal year. The purpose is to provide documentation for all transactions affecting the accounts on the balance sheet. It has been our experience that if the balance sheet is correctly stated, the income statements will correctly reflect the financial picture of the organization.

Statements
A monthly review of the income statement, cash flow statement and activities statement with analysis of all significant variances. This review will include recommendations for improvement and corrective actions.

Funding Reports
Reporting of financial results to all funding sources in the required format and timetable.

Bank Statements
Review and reconciliation of all bank accounts and recommendation on cash management. This includes recommending the consolidation of accounts if necessary and obtaining bids for new services.Executive Summaries

LRM can provide Financial Executive Narratives describing financial operations for the month. This provides a financial overview necessary to inform the Board of Directors of issues and successes.