RiverNorth, Inc.

Additional FM Solutions

• CFO Strategic Advisory Services 

  Consulting services to provide strategic advisory services to an agency's Office of the Chief Financial Officer (OCFO) and its sub-components. This includes supporting the annual budget and strategic planning processes; OCFO leadership training; workforce skills assessment and development planning; FM workforce communication and change management; FM workforce employee engagement; and serving as liaisons between the OCFO and other agency offices (such as the Office of the Chief Information Officer or program offices).

• Grant and Loan Program Support

  Consulting services to support the execution of federal assistance programs, including loan, loan guarantee, and grant programs. This includes designing, developing, and executing federal assistance programs, from standing up new ones to updating and improving existing ones. Specific services include OMB Circular A-129 support; policy and regulation interpretation; loan and grant business process reengineering; legal advisory services; meeting urgent statutory deadlines and reporting requirements; future-proof program policies and procedures against audits and Congressional scrutiny; assisting borrowers/recipients with understanding program requirements and application processes through outreach, communications, and technical assistance; and program closeout activities.

• Grant and Loan Program Risk Management: Compliance, Monitoring, and Internal Controls Support

  Consulting services to support the risk management of federal assistance programs, including loan, loan guarantee, and grant programs. We help prevent fraud and avoiding improper payments via program compliance testing and reviews; developing risk assessments to prioritize recipient compliance activities; actively monitoring and validation of functions/activities; performing single audit desk reviews; providing internal controls design, execution, and support (OMB Circular A-123); and preparing responses to internal and external inquiries and findings.

• Accounting and Financial Reporting Support

  Consulting services to support the full accounting and financial reporting lifecycles. This includes defining policies in line with the release of new guidance from FASAB and OMB; establishing new processes and developing procedures to implement policies; developing position papers to support key accounting and financial reporting decisions; assisting in transaction processing, reconciliations, and period-end close processes; assisting with the development and validation of key financial statements, footnotes, and other supporting schedules; and supporting the coordination and development of the Agency Financial Report. 

• Audit Support

  Consulting services to support all aspects of audit readiness, management, and remediation. This includes developing position papers to support key accounting and financial reporting decisions to support audit inquiries; supporting responses to auditor requests, including managing PBC lists; providing audit remediation support to resolve external and internal findings; and providing project management support to confirm effective and timely resolution of audit findings.

• Financial Transformation and Process Improvement 

  Consulting services to support overall financial management process improvement efforts. Services can vary greatly based on the challenges faced by the agency, but all services will focus on improving financial processes through business process re-engineering and the appropriate use of automation and technology solutions, while maintaining compliance with regulations.

• Payment Integrity Support

  Consulting services to support payment integrity for large disbursement programs, including: defining preventative controls to fight and deter fraud and improper payments; developing detective controls to identify improper payments; advising on remediation activities; and developing improper payment estimates in line with OMB Circular A-123 and Appendix C. 

• Infrastructure and Project Finance - Focus: Renewable Energy and Affordable Housing

  Consulting services for all manner of financial transactions related to affordable housing finance and renewable energy. This includes structuring and advising on complex transactions, compliance reporting on behalf of allocatees, and leveraging all manner of funding from federal programs. We also advise on how agencies can appropriately leverage tax credits, such as the Investment Tax Credit (ITC), the Production Tax Credit (PTC), new tax credits under the Inflation Reduction Act (IRA), provisions under Direct Pay, tax credit transferability, as well as bond issuance (e.g., social, sustainability-linked) and securitizations.

• Infrastructure Investment and Project Due Diligence Support - Project Screening: Financial, Risk and Compliance Modeling, and Underwriting

  Consulting services to conduct detailed tax and financial risk reviews of complex financial transactions, with a core specialization in Infrastructure Finance, Renewable Energy Finance, and Affordable Housing programs. This can include (but is not limited to) risk reviews of financial and tax proformas; limited partnership agreements (SPV structures); financial commitment letters; real estate tax abatements; construction contracts; renewable energy project finance (e.g., O&M contracts, off-taker arrangements, PPA/VPPAs); environmental reviews; market studies; appraisals; social services agreements; tenant set-asides (i.e., special needs, veterans, homeless, etc.); affordability requirements; development team experience; and guarantor financial capacity. We can also conduct due diligence covering several tax credit opportunities including state or federal credits, historic, renewable energy, and LIHTC credits, among others.

FM Adoption and Transition Services

• FM System Strategy and Analysis

  Consulting services to support the strategy and analysis of FM-related systems, functions, and technologies. Specific services include Analysis of Alternatives (AoA) between multiple technology options; analyzing the requirements, capabilities, and features of legacy systems; business analysis and requirements gathering for future state FM solutions; developing IT roadmaps and strategic plans for FM technology strategy; supporting innovation adoption and business process reengineering (BPR); developing, updating, and maintaining technology architectures (enterprise, data, solution, system, and business architectures); and performing IT portfolio planning and demand management of a suite of FM technologies or PMO.

• Financial System Modernization and Adoption - Execution Support

  Consulting services to support the modernization and adoption of FM-related systems, functions, and technologies. Technology examples include ERP, accounting, lending / loan management, grants management, time and attendance, and other similar FM systems. Our services include operations & maintenance (O&M) support; proxy product ownership support; development, testing, and training; implementation support; cloud migration and adoption; technology training; documentation, SOP creation, user guides, and document design; and IT change management.

FM Technology Operations Support Services

• FM Data and Reporting Support - Decision Support

  Consulting services to support the management of financial data and reporting. This includes specific expertise in data governance, data design, data execution, data architecture (current and future state), report and dashboard creation, and data analysis related to FM-related systems, datasets, functions, and technologies.