Family Foundations has invested heavily in our capacity to operate under tight fiscal management guidelines and reporting. We report our fiscal results monthly to our Board Finance and Investment Committee comprised of volunteer professionals with legal and financial expertise. Our Board has a separate Audit Committee to oversee our annual audit. This separation of Finance and Audit functions ensures that our practices meet the highest possible standards. Our financial results are audited annually by an independent CPA firm. The auditors report back directly to our Board to ensure that our staff work is correct and thorough. Family Foundations has worked diligently to continuously improve our fiscal management processes.
Family Foundations is also proud of the results of our investments in client record keeping. Our professional associations require us to maintain strict standards with regard to client information. Our client information is stored in the DMS Professional Suite System from Cooperative Processing Resources. This system is used by hundreds of firms across the nation and meets all quality standards.
In addition to our software system, client records are systematically reviewed for Component and Utilization Review Standards. Component Reviews ensure that each client file contains all appropriate information on services provided. This process ensures that each counselor is documenting client information correctly and completely. Utilization Standard Reviews ensure that clients are receiving appropriate services. The Utilization Reviews analyzes the client’s situation, the services rendered and confirms that the services provided met the client’s need.