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501 Alonzo Watson Dr. South Bend, IN 46601

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FINANCE

The Finance Division manages all accounting activities, such as: budget preparation, tenant accounts receivable and payable, investments and capitalization of assets. Additionally, Finance is responsible for the following functions:

• Daily cash management
• Monitoring the agency's operational needs
• Ensuring the effective operation of accounting software
• Providing monthly financial reports to each department
• Accounting Reconciliation
• Investment of funds

 

Administrative Staff:The Director of Finance is responsible for managing the overall activities of the department and is specifically responsible for cash flow, departmental procedures, investment of the housing authority's funds, banking relations and working with outside audit staff.

 

The Finance Manager aids in ensuring all assignments are completed and deadlines are met.

 

Accounts Payable:The Accounts Payable goal is to disburse vendor payments expeditiously and accurately. Responsibilities of the Accounts Payable Specialist also include balancing the intra-fund accounts, reconciling grants, and assisting in the tracking of fixed assets.

 

Purchasing:The Accounting Assistant is responsible for purchasing goods and services in accordance with the procurement policy.

 

Accounts Receivable:The Accounts Receivable Specialist is responsible for handling all aspects of tenant receivables. Daily duties include, but are not limited to, posting collected rent payments to individual accounts, balancing in-house receipts, monitoring security deposits, and addressing outstanding receivables.

In short, Finance maintains and manages the housing authority's fiscal affairs to optimize the agency's efficiency.