| Financial Reporting & Audit Guides |
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| Asset Management / Financial Reporting & Audit Guides |
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An Overview
Asset Management uses the Annual Income and Expense System (AIES), a web-based database of actual annual operating income and expenses from existing projects in the OHCS portfolio, in order to analyze financial feasibility and provide underwriting data to the Department.
Asset Management reviews, analyzes and evaluates the audited financial statements, which are required to be filed by project owners and submitted in accordance with Generally Accepted Accounting Practice (GAAP) and to insure that project operations are in compliance with the restrictive documentation agreed to at closing in accordance with State and Federal regulations.
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