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Financial Reporting and Audit Guides
Asset Management / Financial Reporting and Audit Guides

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.



Resources
Webpage linkAnalysis of Income and Expense System (AIES) Reports
webpage linkProgram Audit Guides

For more information, contact
Kimber Sexton, Financial Review Analyst
(503) 986-2023

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