Baker Tilly serves as the independent financial advisor to libraries.

Most library managers went into that line of work because they really love books and knowledge – not because they enjoy finances or managing facilities. But, financial management and keeping your facilities and technology up to the standards today’s library users expect come with the management job. And, like other local governmental units these days, most libraries are grappling with how to operate on reduced revenue.

Our professionals can help. You can spend more time with your beloved books or electronic media when you let our team assist you with:

Financial management

• Accounting systems design, implementation and training
• Audit preparation and financial reporting
• Budget preparation assistance
• Comprehensive financial planning
• GASB 34 compliance
• Performance management studies
• Tax revenue analysis and management

Capital planning

Library building or major renovation projects may happen just once in your career. They are truly different experiences from your normal operations, requiring specialized skills. We can assist with:

• Debt management studies
• Long-range capital planning and implementation
• Project planning and financial development
• Developing and evaluating funding alternatives
• Refinancing of existing debt
• Referendum preparation
• Financial presentations to elected officials and the public

Bond issuance

Bond issues are not something you do every day, and you’ve got to get it right. The stakes are too high to risk a mistake or miss an opportunity to save. Since we are an independent advisor, our only priority is doing what’s best for the libraries we represent. We can help you with:

• Official statements and bond sale preparations
• Presentations to bond ratings agencies
• Evaluation of bond insurance proposals
• Competitive bond sales and electronic bidding services
• Negotiated bond sales and private placements
• Coordination of bond closings
• Assistance to the trustee bank

Post issuance

• In-progress construction reports
• Arbitrage rebate calculations
• Continuing disclosure filings
• Post issuance tax compliance
• Escrow verifications
• Parity reports