Randal Johnson, Executive Director
The Council of the Southern Mountains’ Finance Office has implemented a comprehensive financial analysis and retrieval system software. The accounting software makes it possible to track different sources of funding throughout the agency and within each program area and combine them into one report. We are currently in the process of upgrading the accounting software and installing an external reporting module to generate required reports.
All sources of funding awarded to the Council of the Southern Mountains are handled within CSM’s Finance Office. The agency complies with annual A-133 audit requirements for funding sources. Our auditor completes and files our Federal Tax Return (Form 990). The indirect cost proposal is submitted to the Division of Cost Allocation in Washington, DC once the audit is completed. Currently, there is two finance office staff, Administrative Specialist, Patricia Vaughn and Director of Finance, Brenda Winfrey.
The Following graphs show the expenses by category agency
wide and revenue by program agency wide. Our Waiver
Program comprises 39% of total agency funding. We have lost
2 sources of funding since last year. We have added check free
Bill Pay as another service for McDowell County citizens. This
has been generating around $115.00 per month. This should
generate circa $1,380.00 annually. This will be unrestricted
funds. The salary and fringe line item comprise 59% of total
agency costs. We have also included a graph showing the
Indirect Cost Pool Budget. The graph demonstrates that
Salaries and fringes make up 85% of total indirect costs. The
Indirect Cost Pool does not have any type of programmatic costs. All Indirect Cost are administrative expenses only. Any costs which
cannot be directly related to a specific program and are costs for
the Executive Director, Administrative Specialist, Accounts
Payable Specialists or Director of Finance are indirect costs and
therefore charged to that pool of money. You can also see that
the indirect costs charged to all programs within the agency
directly relate to the indirect cost pool budget.
Our A-133 audit for year ending August 31, 2015 did not include
any management issues or findings.