Accounting, Bookkeeping and Controls

The bookkeeping department at Mosier & Company typically oversees one to three hundred bank accounts and the receipt and expenditure of tens of millions of dollars over the course of a year for the various estates where the Receiver maintains financial control of operating companies and real estate projects. This department is under the supervision of Craig Collins, CPA and is headed by Nancy Michenaud who serves in the capacity as the Receiver’s controller or senior bookkeeper. She is assisted by Aurora Bloom who is also responsible for monthly bank account reconciliations and billings, among other duties.

Nancy Michenaud	Aurora Bloom

This division is subjected to an annual inspection by an outside audit firm that tests the bookkeeping procedures at Mosier & Company to ensure that these are (a) internal controls are properly defined, (b) in compliance with established accounting procedures and (c) variations noted. This pseudo audit is by and large conducted to a standard promulgated by the Inspector General’s Office of the Department of Justice that audits Chapter 7 Trustee panel members where different people have to be involved in receiving checks, depositing checks, approving expenditures, signing check and wires, reconciling bank accounts and maintaining financial records. This process is aided at Mosier & Company by appropriate accounting software used in property management and more sophisticated accounting programs that mirror those used by the subject company including Peachtree, MAS, and others. The goal is to run a very tight ship in the area of money management with well-thought-out controls (checks and balances) and the ability to keep parties informed with the production of periodic reports or whenever requested.

Administration

Ann Sumner heads the administration at Mosier & Company. She is the chief paralegal and the final signature on all expenditure (wires and checks). She is aided by Heather Crossland who is the point person for logging in receipts and keeping a check log. Both play a key role in the timely filing of all court documents.

Ann Sumner	Heather Crossland