18000 W. Nine Mile Rd., Suite 360, Southfield, MI 48075   •   313 963-8383 

Fiscal Intermediary

What Is A Fiscal Intermediary?

A Fiscal Intermediary (FI) is an organization that assists you to implement your Individual Support Agreement and to manage financial accountability and employer responsibilities. Fiscal Intermediaries are not service providers. A Fiscal Intermediary is an administrative and fiscal agent that assists you implementing the funds from your funding source to pay for the services and support you need. An FI is not able to make decisions about the amount or type of services you receive. The FI helps you to manage the supports that have already been identified in your plan and budget.

Your FI will help ensure that funds are well spent and effectively managed.


What makes Metro Solutions Different?

Metro Solutions establishes a separate bank account and accounting record for each client or award. All transactions and financial activity are conducted exclusively from that account, which ensures transparency and accuracy. Hard copy records are securely maintained for a minimum of seven years and are then archived. All documentation and accounting records are backed-up electronically on a daily basis. Clients are provided access to all of their records upon request and receive copies of their bank statements along with their monthly financial records for cross-check. Accounting staff double-check invoicing, and alert clients to errors. Metro Solutions contracts for an annual certified financial audit and shares copies with all clients.

Clients are welcomed to attend Metro Solutions’s Board of Directors meetings and Metro Solutions’s leadership attends the Board meetings of its clients to ensure mutual understanding and provide support. Metro Solutions’s leadership gains a unique understanding of the work that clients do, their needs, and their opportunities for growth, which allows Metro Solutions to foster additional links for clients to potential partners, collaborators, and funders. Metro is then able to expand its role with clients to play a part with any expansion.


What Does A Fiscal Intermediary Do?

Fiscal Intermediaries work with the service providers you choose. If you choose to hire your own support workers, your FI will help you to manage the paperwork responsibilities that come with being an employer. The FI will assist you to complete employment forms, pay your staff, ensure tax compliance and prepare end-of-year reports. If you choose a provider agency for your supports, the FI pays the provider on your behalf, according to the budget approved with your Individual Support Agreement. The FI will also pay other vendors for special services that you have in your budget. The FI will give you monthly financial reports to let you know if you are spending what you have budgeted on the items you planned, or if you are spending too much and need to make adjustments to stay within your budget.

Location

18000 W. Nine Mile Rd.

Suite 360

Southfield, MI 48075
313 963-8383

Contact Us

Phone: 313-963-8383

Fax: 313-879-5260

 

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