"In 2005 I was called down to our CFO’s office, a program administrator being summoned to the central office. As I walked in I was instantly introduced to Patrick F. Monaghan III. In the first meeting he took the time to review our schools services, the students IEP’s and how our policies and procedures relate to the funding rate, methodology, created by NYSED and correlates to our annual CFR. (Or in our case lack of funding). Patrick introduced us to systems and spreadsheets that we utilized to go back in years and through each year moving forward to help track our classes and services. Patrick is the special sauce that helps the financial team, use a shared language with the program people and assist the school in receiving a correct reconciliation tuition rate for the five prior years. From a program lens, Patrick takes control of the situation, reviews processes, assess the companies staffing skill-sets and develops a plan to ensure the organization be self-sufficient within two to three years. By 2010 he had reviewed the system of internal controls and procedures, updated our flow of transactions to the general ledger and help prepare the business office to complete the CFR by providing staff training on all the revisions.
His goal for most companies, is to create a well-functioning department and coach himself out of a job so each CFO/Controller is self-sufficient and he can go on to other clients. Occasionally he stays around to help advise boards and executive leadership.
Patrick is a true professional, strong in accounting systems and reimbursement methodology. He is able to work with every level of staff in each department in a respectful manner, receiving courteous responses and positive outcomes from staff. When I had a need for a special project at another school, he was the first person I called."
Duncan Lester, Executive Director
The Reece School