When You Have A Need To…
- Get a better handle on your financial health
- Develop a financial management strategy
- Evaluate your financial processes
- Better understand investment options
- Set up an endowment fund
Some organizations that have benefited from ESC’s financial consulting:
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Chicago Housing Authority
Chicago Theological Seminary
Christian Brothers of the Midwest
First United Methodist Church of Evanston
Fredrich L. Jahn Elementary School
Kohl Children's Museum
Learning Path Institute of Designs for Change
Northpointe Achievement Center
Northwest Special Recreation Association
Office of the Public Guardian of Cook County
SciTech Museum
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Financial management is the cornerstone of any organization. It may require a
different approach for nonprofits, schools, and governments than for
profit-driven businesses, but the fundamentals are the same: accounting and
financial reporting, budgeting, long-term financial planning, cash and
investment management, and capital investment analysis.
Executive Service Corps can help ensure that your organization does more than
just keep the books and pay the bills. Our consultants can help you build an
effective financial management strategy so that you have the resources to focus
on your real mission.
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ESC can help with the following financial consulting services:
- Financial Management Overview
A comprehensive review of your organization's financial management programs,
including policies, staffing, management, and board attitudes about financial
reports and controls.
- Financial Management Policies, Practices and Procedures
Suggestions for changes in policies, practices, reports, and procedures that
will help your board of directors and executive management understand and
control the financial affairs of your organization and, if requested, assist
financial personnel in implementation of recommendations. Guidance in handling
the increasingly complex procedure of reporting to funding sources.
Assessment and measurement of internal processes.
A review of procedures and recommendations for the integration of computer
technology to improve record keeping and reporting. This includes an analysis of
equipment available to your organization as well as an evaluation of outsourcing
options.
- Cash and Investment Management
Review internal controls over your organization's cash and investment assets.
Assist in developing requests for proposals from banks and investment
managers/advisors in an effort to improve income from cash and investments
consistent with investment criteria established by the board.
- Capital Investment Alternatives
Evaluate lease versus purchase decisions. Recommend alternatives for
financing capital expenditures.
- Budgeting and Strategic Planning
Facilitate the annual budgeting process. Assist in developing long-term
financial projections that are consistent with your organization's strategic
plan.
Develop course content and conduct training programs for your managers and
board. Programs would cover how to analyze financial statements, accountability,
and stewardship of funds.
Guidance in setting up appropriate accounting for restricted funds.
- Cash Flow Analysis/Forecasting
Develop process to predict cash flow and identify strategies to minimize
deficits.
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