Specifications include, but are not limited to: Objective I: Establish Fiscal PMO • Manage the monitoring of the overall plan efforts for a period of up to 4 months then transition these efforts to the City Manager and/or Finance Director, after the completion of key tasks. • Create accountability reporting structures to City Council, the City Manager, Elected City Officials and Component Units • Create Critical Action Plan to address outstanding material weakness and internal control issues. • Manage the implementation of priority improvement tasks. • Develop a plan and monitor progress to complete prior year fiscal audits. • Complete fit gap analysis to address business process issues with the current Munis ERP and align best practices business processes. • Coordinate the reconciliation processes for cash, revenue and other general ledger accounts "surge" team. • Create current month and year-end closing process. • Create Turnaround Plan accountability status reports to monitor progress of actions. • Develop and Execute Policies for Controls and Reporting. • Develop financial management policies and procedures bases on the best practices, Standard Operating Procedures (SOPs). • Create repeatable data & uniform budget reporting for Financial Reports • Implementation of wastewater treatment facility obligation reconciliations in coordination with Hopewell Water Renewal and industrial ratepayers. • Grant expenditure process and procedures review, creation and implementation. • Evaluate cash management and investment practices. Objective II: Accounting Remediation Services • Provides services for efforts for a period of up to 8 months then transition these efforts to the Treasurer and the Finance Director • Address and assist with the backlog of cash and general ledger reconciliation with hands-on financial support. o Complete backlog of cash reconciliation for FY 2020 o Complete backlog of cash reconciliation for FY 2021 o Compete backlog of cash reconciliation for FY 2022 o Complete backlog of cash reconciliation for FY 2023 • Complete outstanding financial statement that have not received an unqualified opinion, working collaboratively with the City’s outside financial auditor. • Address outstanding audit finding, deploy resources to drives the audit preparation and material weakness remediation process simultaneously. • Assist with monthly reconciliation of various enterprise funds of the City (Wastewater Treatment Facility, Sewer Service, Solid Waste, Storm Water, Beacon Theater). • Optimize City technologies for data and reporting.
