MICHAEL HOPPER, CPA, CHIEF ACCOUNTING OFFICER

Michael Hopper
404.845.0360 x654

Mike Hopper is a senior consultant in A.V. POWELL & ASSOCIATES’ Atlanta office where he supervises comprehensive actuarial studies and directs operational audit and reengineering engagements. He has been a client of or consultant with A.V. POWELL & ASSOCIATES since 2000.

Mike is a certified public accountant who served as chief financial officer for three large CCRCs (one a multi-facility) in the mid-Atlantic region. In this capacity, he administered business and financial operations, budget preparation and planning, and fiscal analyses, and played a key role in providing the feasibility study for the refinancing of tax-exempt revenue bonds. Using A.V. POWELL & ASSOCIATES’ FORCAST software for over a decade, Mike prepared trend/benchmarking reports and financial ratio comparisons for the CCRCs’ finance committees. He has extensive experience with accounting, billing, and database software programs as well as Windows NT and Unix systems.

SIGNIFICANT ACCOMPLISHMENTS

• Conducted several preliminary actuarial feasibility studies for new-start CCRCs in preparation for credit-enhanced bond financing.
• Assisted in design of GAAP financial statement report generator for FORCAST software.
• Served as a key member in $20 million refinancing of tax-exempt revenue bonds with savings estimated at $3.4 million.
• Prepared budget and financial planning for a $28 million, 800+ unit CCRC.
• Implemented and maintained company-wide Windows NT and Unix operating system with over 100 workstations.
• Using factory-installed database software, developed a database file system to improve retrieval and reporting of resident and employee information.
• Managed the installation and implementation of financial accounting software MAS90 and FRX for multi-facility CCRC.

EXPERTISE

• Comprehensive actuarial studies
• Operations review and reorganization
• FORCAST training and support with emphasis on GAAP financial statement projections
• Education of CCRC board members, management, and residents
• Preparation of estimate of future service obligations for audit report compliance

EDUCATION

• B.S. in Accounting 1982
  Radford University

PROFESSIONAL AFFILIATIONS

• American Institute of Certified Public Accountants (AICPA)
• Georgia Society of Certified Public Accountants (GSCPA)
• Financial Advisory Panel, Continuing Care Accreditation Commission 2004 – 2007