Free, Members-Only Webinar: Learn About the Commonwealth of Massachusetts Uniform Financial Statement (UFR)

Join the Providers’ Council and AAFCPAs for an informative webinar on the preparation of the Commonwealth of Massachusetts Uniform Financial Statement (UFR). This session will expand your knowledge of the UFR and help you navigate and mitigate common reporting errors in the filing.

Register Here!

In this webinar, leaders in AAFCPAs’ Human & Social Services practice will cover the following key objectives:

• Mastering the Commonwealth of Massachusetts Uniform Financial Statement (UFR): Gain an understanding of its structure and requirements. We will explore Schedule B program definitions and types, specific program requirements, and how to properly report contributions in various programs. Additionally, you will gain insights into obsolete UFR lines and sections, ensuring your financial statements are accurate and up-to-date.
• Avoiding UFR Common Errors:  Gain valuable insights into specific line item usage, correlation of client revenue lines with program statistics, handling COVID funding impacts, capital budget assets, FTEs, blue flags, salary limits, allocation of administration expenses, required supplemental schedules, VendorWeb data, Federal Funds Listing – contract numbers, MMARS and object codes, and much more.

Don’t miss this opportunity to stay informed about the latest updates, best practices, and common errors to avoid in the preparation of the Commonwealth of Massachusetts Uniform Financial Statement. Register now to secure your spot for this essential webinar!

Presented by:

Thomas Perruna, MPAc

Thomas provides assurance, tax, and consulting solutions to sophisticated nonprofits, including Federally Qualified Health Centers (FQHCs), Community Development Corporations (CDCs) and their affordable housing limited partnership projects, as well as multi-service human & social services providers. He is a member of AAFCPAs’ Healthcare and Affordable Housing Executive Committees.

Thomas has extensive experience leading financial statement audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, as well as those with Massachusetts Uniform Financial Report (UFR) reporting requirements. Clients value Thomas’ insight on key issues that may arise in a government audit engagement, such as: required elements of the schedule of expenditures of federal awards, considerations when assessing and evaluating internal controls over compliance, cost allocation methodologies, and more. In addition, he provides advice on tax credit-based financing, including New Markets tax credits (NMTCs), and Low-Income Housing tax credits (LIHTCs) used widely in the affordable housing industry.

Katie Belanger, CPA

Katie provides audit, tax, and consulting solutions to sophisticated nonprofit organizations, including multi-service human & social service providers, residential and day treatment agencies, early education and care (EEC) agencies, and independent schools. She has extensive experience auditing nonprofit organizations in accordance with Uniform Guidance/Single Audit and Government Auditing Standards as well as those with Uniform Financial Statement filing requirements.

She provides best practice recommendations on operational and internal control systems and processes to help clients mitigate fraud risks and gain operational efficiencies. She advises clients on compliance with federal and state grant requirements and optimizing cost allocation methodologies and reimbursements for the best financial results. Katie coordinates with AAFCPAs’ multidisciplinary team, including in-house Tax Consulting Attorneys and healthcare reimbursement consultants, as needed to bring the very best appropriate talent to our clients.