Finance & Procurement
Primary responsibilities within the Cash Management department include accounts receivables from residents, accounts payables to all vendors and residents, payroll processing, investment management, long and short-term borrowing requirements and risk management.
The Accounting Department is responsible for the classification of all financial activity to compile accurate financial statements and reports for submission to oversight authorities and stakeholders.
Budgeting & Expense Analysis
This department works closely with all departments throughout the Authority in the preparation of annual budgets and management plans. This includes providing current and historical data and analysis of all major revenue and expense categories.
In addition, this department works with operations and senior management in reviewing current and future costs and funding availability to assist with strategic planning.
The Procurement department, led by the LHA Procurement Compliance Officer, is responsible for all purchasing, warehousing and inventory activities of the Authority. The Procurement Compliance Officer works closely with the CFO to ensure compliance with all Federal and State procurement laws and to ensure products and services are purchased and delivered in an efficient and effective manner. The warehouse and inventory responsibilities include order fulfillment of internal inventory requests, efficient management of inventory levels and financial transfers and withdrawals to respective departments throughout the Authority.
The Finance department takes the lead in contract negotiations with prospective vendors and contractors to ensure favorable terms, clear and concise responsibilities and compliance with applicable Federal and State laws and regulations.