Specifications include, but are not limited to: • Review of Documentation: Review relevant RLF documentation, including but not limited to program guidelines, financial records, loan documents, and reporting materials. Gain an understanding of the program's objectives, eligibility criteria, funding sources, and compliance requirements. • Financial Assessment: Work with CDBG staff to review financial records of the 29 RLFs with specific attention to cities/counties that have had previous compliance issues. Analyze the accuracy and completeness of financial reporting, loan disbursements, repayments, and outstanding balances. • Compliance Review: Assess the overall RLF program's compliance with federal regulations governing the close-out of CDBG programs, including but not limited to 24 CFR Part 570. Identify any areas of non-compliance and provide recommendations for remediation. • Reporting: Prepare a report summarizing compliance of the close-out of Kansas’ RLF program. Provide recommendations for closing the RLF program and improving KDC’s financial management practices. o Deliverables: The following deliverables are expected from the CPA consultant: ▪ Draft Assessment Report: - A draft report containing findings and recommendations for effective close-out of the RLF program based on the financial assessment and compliance review. ▪ Final Assessment Report: - A final report incorporating feedback from KDC on the draft report, including any additional information or clarifications provided. The final report will serve as the official document summarizing the assessment findings and recommendations.
