Challenge
A nationally recognized, federally funded, legal services organization encountered a serious financial problem when it was discovered that administrative costs had been significantly underestimated. A preliminary review revealed that internal controls and processes related to financial management, budgeting, purchasing, and other administrative areas were inadequate. The organization was concerned that this situation could have an impact on future federal appropriations and endanger continued operations.
Approach
Galvan and Associates, working with a team of experienced experts, thoroughly evaluated procedures associated with all financial and administrative processes and identified the specific problems that resulted in the poor financial projections. The team suggested a plan to correct the problems including revised policies, an extensive revision to formal procedures, and strategic advice regarding management issues.
Results
Galvan and Associates recommendations were implemented by the organization and resulted in more efficient processes with superior internal controls. These new processes improved visibility into financial operations throughout the year and enhanced the overall financial management of the organization. Management was able to produce and support better budget requests and use the budget authority they received in a much more effective manner.