Keller
& Owens works with many types of educational
institutions, including private colleges, universities and
seminaries. We understand the challenges of
competition for enrollments and funding, tight budgets,
increasing costs, and uncertain return on investments.
We keep in
touch with the issues and challenges facing these
organizations by membership in associations that
support this important industry segment. These
associations include the
Association of Business
Administrators of Christian
Colleges,
Evangelical Council for
Financial Accountability and the
Christian Management
Association. We regularly use the resources of
other supporting organizations such as the
National Association of
College and University Business Officers to serve
our clients. Our professionals maintain their
knowledge of the latest financial, tax and regulatory
requirements through regular training.
We help
higher education organizations act as good financial
managers of their resources by offering the following
services:
Accounting: Meaningful, well-organized financial
records help you manage your operations more efficiently.
We provide a full range of cost-effective accounting
services.
-
Accounting and financial policies and procedures manuals
-
Bookkeeping and accounting services
-
General
ledger and financial statement preparation
-
Payroll
preparation and consultation
-
QuickBooks® and other software consulting
Assurance: Many times you need an independent
expert's report on matters of significance to your
operations. We offer the following services designed
to provide the desired level of assurance on such matters.
-
Audits
and reviews of financial statements
-
Audits of student
financial aid programs
-
Audits of other public and
private funding programs
-
Internal control system examinations
-
Other
examinations, such as compliance with governance
policies
Consulting: In addition to acting as a ready
resource to the Board and to management, we provide a
variety of consulting services.
-
Audit
and finance committee organization and operation
consultation
-
Benchmarking studies
-
Cash
flow and budget analysis
-
Compensation and benefit planning
-
Financial forecasts and projections
-
Financing alternatives evaluation
-
Formation of for-profit
subsidiaries
-
Fraud
investigations and forensic services
-
Fraud
prevention reviews
-
Internal audit consultation
-
Multi-state charitable
solicitation regulations
-
Sarbanes-Oxley compliance advice
-
Student financial aid
programs
-
Training financial staff
Taxes:
We can help you to identify key issues and needs that
minimize taxes and protect your tax exempt status.
-
Charitable giving consultation
-
IRS tax
compliance studies
-
Property, sales and use tax consultation
-
Tax exemption application consulting and Form 1023
preparation
-
Unrelated business income and excess benefit consulting
