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Financial Management
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Financial Management Services

State and local governments are authorized to use the Federal Supply Schedule to purchase financial management services to facilitate disaster recovery from major disasters, nuclear, biological, chemical, or radiological attacks as declared by the President of the United States Government

520-5 SPECIAL ITEM NUMBER- LOAN SERVICING AND ASSET MANAGEMENT (Specifically excludes Sales of Assets and Loan Servicing, but does included reviews of loan servicing practices, and opinions on financing or refinancing etc.)

  • Verify and maintain borrower data
  • Exchange data with an agency's central database and reconcile
  • Issue forms, disclosures, letters, and other materials
  • Cancel loans
  • Covert loans to repayment status
  • Calculate interest
  • Assess and post frees and late charges
  • Bill the borrower
  • Process borrower remittances
  • Process borrower requests for remittance via pre-authorized debit
  • Determine income contingent repayment
  • Prepare annual statement
  • Reconvert loans
  • Loan consolidation and transfer actions
  • Transfer default loans
  • Accept and service loans from another Servicer or DCS
  • Report to credit bureaus
  • Provide customer service
  • Reconcile with an agency's central database
  • Refinance Government-held loans
  • Enforce Creditor's right under the loan
  • Protest loan collateral
  • Share and manage credit risk
  • Workout or restructure trouble loans
    Examples of Asset Management Services includes but is not limited to: Provide technical assistance in assessing and improving current asset management processes relating to cash management, inventory management, government property, plant and equipment, and other agency assets. Conduct specialized reviews to assess adequacy of controls and policies and procedures, assess agency compliance with asset management related requirements, resolves, audit recommendations, performs and special analyses and evaluations.

520-11 SPECIAL ITEM NUMBER- ACCOUNTING

Examples of Accounting Services includes but is not limited to: Transaction analysis, transaction processing, data analysis and summarization, technical assistance in devising new or revised accounting policies and procedures, classifying accounting transactions, performing special studies to improve accounting operations, resolve accounting issues, resolve and implement audit findings, recovery reviews, assess or enhance accounting internal controls, improve operating efficiency and effectiveness, apply information technology to provide better or more timely service

520-12 SPECIAL ITEM NUMBER- BUDGET

Examples of Budget Services includes but is not limited to: Assess and improve the budget formulation process, Assess and improve the budget execution process, conduct special reviews to resolve budget formulation or budget execution issues, provide technical assistance in improving budget preparation or execution processes and related systems, reviewing budgetary controls, assist management with implementing corrective actions, and apply information technology to streamline/improve budget-related activities.

520-13 SPECIAL ITEM NUMBER- COMPLIMENTARY FINANCIAL MANAGEMENT SERVICES

  • Financial Management Systems Services
  • Financial Reporting and Analysis Services
  • Financial Planning and Performance Measurement Services
  • Other Financial Management Services

Financial Management Systems Services

Examples of Financial Management Systems Services includes but is not limited to: Assess and improve financial management systems, conduct A-127 system compliance reviews, conduct other system assessments to improve operating efficiency, effectiveness, controls, and system performance, assist management with implementing corrective actions, documenting systems, identify systems requirements, plan and develop systems, assess the integrity of financial systems and related data, provide technical assistance in meeting agency financial management system requirements.

Financial Reporting and Analysis Services

Examples of Financial Reporting and Analysis Services includes but is not limited to: Assess and improve current financial reporting and analysis, develop new reporting formats and pro-forma financial reports, provide technical assistance in meeting agency financial management reporting and analysis requirements, assist in improving and streamlining reporting and analysis processes and related procedures, assist management with implementing corrective actions, analyze financial results, conduct cost-benefit or other special financial analyses, assist analysis and enhancement of existing pricing and rate structures.

Financial Planning and Performance Measurement Services

Examples of Financial Planning & Performance Measurement Services includes but is not limited to: Provide technical assistance in complying with the requirements of the Government Performance & Results Act, assist with devising and implementing performance measures and related processes and systems assist with strategic and operational financial planning, resolve audit recommendations and assist with implementing corrective actions, assess the adequacy of strategic plans and related performance measures, assist in reviewing and improving current processes and related procedures and systems.

Other Financial Management Services

Examples of other Financial Management Services includes but is not limited to: Provide technical assistance related to managerial cost accounting or other special financial areas of interest, assist in financial policy formulation and development, conduct special cost studies, assist with quality assurance efforts, perform bench marking of financial activities and performance results.



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