Admin CFO customizes each client’s service to provide up to the full suite of services to administer your special-purpose entity. Unburden your taxpayer-funded staff and resources – keep your project costs low and entirely covered by the revenue of your project.

Administration

• Coordinate and manage Texas Open Meetings Act-compliant board meetings
• Coordinate with the entity’s legal counsel, project operator, ratings agencies, investors, consultants, accountants, auditors, advisors and all other professionals engaged by the entity
• Pay administrative expenses pursuant to an approved administrative budget
• Review and approve the regular distribution of revenues to the project operator
• Serve as the entity’s primary liaison to the bond trustee and bond counsel

Compliance

• Draft mandatory and voluntary disclosure notices and on the Municipal Securities Rulemaking Board’s EMMA system
• Build and maintain public-facing webpages with project-related finance and compliance information
• Develop and implement a records retention policy in compliance with the Texas Public Information Act
• Coordinate with the entity’s Investment Officer for project-related data needed for compliance with the Texas Public Funds Investment Act
• Serve as the primary point of contact responsible for responding to inquiries related to matters involving the project under the Texas Public Information Act
• Monitor ongoing compliance with any performance tests, including debt service coverage ratios
• Monitor and coordinate compliance by the entity, the project operator, the bond trustee, and any other vendors as defined in the project’s agreements
• Provide any other reports reasonably requested by the entity related to the project

Finance

• Develop and maintain an ongoing forward-looking analysis of revenues, operating cash flow, reserves, capital sufficiency, and debt service coverage ratios
• Develop and propose an annual administrative budget
• Review and make recommendations regarding the project’s operating and capital budget for each operating year
• Review quarterly and annual financial statements
• Review and approve necessary transfers between reserve funds and to the entity

Oversight

• Coordinate with the project operator regarding ongoing capital projects and routine repairs
• Review and develop regular reports required of the project operator
• Develop regular reports required by the bond trustee
• Review and approve requisitions submitted by the project operator