O.W. Krohn & Associates
                          Certified Public Accountants and Consultants

231 East Main St.  Westfield, IN 46074    317-867-5888


Summary of Services                      Communities Served

Utilities

Local Government

Tax Exempt Financing

Traditional Services

 

 

 

Utilities

Many utility engagements involve rate studies, cost of service studies and development of user charge systems for water, sewage, gas and electric utilities. Utility management requires accurate and meaningful financial information on which to base decisions that will affect all customers. O. W. Krohn & Associates can assist your management team in making informed decisions. Whether the focus is a feasibility study to evaluate the financial impact of capital improvement options, analysis of the financial merits of economic development opportunities, assistance with budgeting, or understanding your utility's financial condition and capabilities, O. W. Krohn & Associates has the expertise to provide your management team with meaningful information and timely advice.

O.W. Krohn & Associates routinely assists clients with appearances before the Indiana Utility Regulatory Commission, Local Government Tax Control Board, Indiana Bond Bank, Rural Development Agency, Indiana State Revolving fund and the Indiana Department of Commerce.

Accurate financial reporting systems and budget procedures will enhance management's ability to understand their utility operations throughout the fiscal year. O. W. Krohn & Associates can help your utility develop and implement financial and operational reporting systems utilizing state of the art technology and systems.

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Local Government

Local government also requires accurate and meaningful financial data and interpretation. We assist many communities with budgeting, accounting systems development and implementation, feasibility studies, long-term debt planning and assistance with the issuance of tax-exempt securities. Tax abatement and Tax Increment Financing (TIF) can be complex issues facing communities that are attempting to balance a rural image with the need for quality economic development projects. We can assist your community's effort to establish, quantify and explain the economic merits of various incentive packages that may be appropriate for specific projects or for the development of a local policy for economic incentives.

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Tax Exempt Financing

Providing financial advisory services related to obtaining long-term financing is a primary area of service offered by O. W. Krohn & Associates. We can assist your community with the issuance of general obligation bonds, utility revenue bonds, grants, leases, lease-rental bonds, Economic Development Income Tax (EDIT) and other forms of tax-backed bonds, Tax Increment Financing (TIF), inter-governmental agreements, wholesale contracts, developer agreements and credit enhancements.

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Traditional Services

  • Compilations and reviews of financial statements, and other agreed upon procedures

 

  • Internal control assessments and development of internal control procedures

 

  • Development of accounting and reporting systems (financial and operational)

 

  • Computer applications

 

  • Tax planning and return preparation

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Last Updated: October 21, 2005
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