The accounting firm for the Real Estate Entrepreneur for the past 20 years

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Celebrating 20 years in 2007
Dauby OConnor Zaleski A Limited Liability
Company Certified Public Accountants

• The accounting firm for the Real Estate
  Entrepreneur - - for the past 20 years !

Tim Doyle Ph 317-819-6109 E-mail
tdoyle_at_doz.net
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Dauby OConnor Zaleski, LLC

• Public accounting firm based in Indianapolis, IN
• Very profitable business since its inception in
  1987
• 70 employees
• The client base is 100 real estate clients
  focusing on Housing and Urban Development (HUD)
  and Low Income Housing Tax credit projects
• Perform audit and tax related services relative
  to clients located in over 40 states
• We offer you the opportunity to be an expert in
  real estate!

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A New Office in 2006
The exclusive onsite DOZ Workout facility No
more excuses for not getting in shape!
Tripling our office space a clear picture of
our growth !
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Reputation

• DOZ currently owns a huge national presence -
  clients in over 40 states!
• One of the largest single office HUD auditors in
  the USA.
• DOZ is recognized as one of the leading Firms in
  the entire nation in Real Estate accounting
  services. There are few Firms with this unique
  focus AND a leading national presence!
• Quality, low overhead, very competitive pricing
  and our reputation has led to incredible proposal
  acceptance rates from prospects for DOZs
  services.

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Whats New? .Growth
- Moved to a new building in 2006! - 30,000
square feet to fill! - Plans to double in 5
years! - Focused, experienced Marketing
Group
One of the largest single office HUD Auditors
in the USA ! Strong National presence ! 5
Market share room to grow !
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Advancement

• Of all the Firms you speak with, DOZ has the best
  plan to promote performers the quickest!
• Why ?
• DOZ has Growth Plans of doubling in 5 years!
• Our Market area of the entire USA supports
  aggressive growth plans!
• DOZ has an excellent national reputation to
  support these plans!

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Clients

• 1 Industry over 15 different services!
• 20 travel yearround (concentrated in Busy
  Season)
• Performing full audits in less than 6 months on
  your own!

A 2nd yr Audit Person
A 2nd yr Audit Person
Virginia Beach, VA Los Angeles, CA Des Moines,
IA Portland, ME
Las Vegas, NV Raleigh, NC Richmond, VA Atlanta, GA
Greensboro, NC Phoenix, AZ Washington,
D.C. Rockford, IL New York, NY
Chicago, IL Memphis, TN Lansing, MI Knoxville,
TN Seattle, WA
An Audit Intern

• A Tax Intern
• 700 hours over 3 months (58 hrs/wk)
• 200 tax returns
• Partnership, Individual, Corporate, Personal
• Property tax returns

50 audits !
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The Business - Part I
1 - DOZ prepares projections and financial
feasibility studies with the focus on the const-
ruction process, and the investor and
general partner benefits (i.e. IRR
calculation). 2 - DOZ assists the client in
preparing the application focusing on
providing accurate financial
information. 3 - DOZ assists in the application
process and advises the developers on
available financing/syndication
sources. 4 - DOZ assists the developer in
issues related to obtaining the 10
carryover tax credit
allocation. 5 - DOZ prepares the
final cost certifications to appropriate
agencies. 6 - DOZ calculates first year tax
credit affecting investors capital
contribution
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3
4
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The Business - Part II
Tax Package to Tax
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Opportunities!
Syndication transactions Low Income Housing Tax
Credit Projects Financial Forecasts Frontline
cost studies
New Hires/ Interns Start
New Hires/ Interns Start
New Hires/ Interns Start
10 Cost Certifications
20 Audits 30 Cost Certifications
Preliminary audit work for following year
Arbitrage Rebate Calculations
Audit
130 June Y/E audits
Training Vacations Planning June Y/E work
8/1-12/31 Committees Mentoring
Total of 1,300 Audits!!
30 Cost Certifications 150 Sept Y/E Audits 150
Electronic Submissions
30 Cost Certifications
500 Electronic Submission Reports
150 Compilation Reports
150 Compilation Reports
150 Compilation Reports
Jan Feb Mar Apr May
Jun Jul Aug Sep
Oct Nov Dec
New Hires/ Interns Start
1/1 -1/10 Partnership (1065) Training Busy Season
Prep
New Hires/ Interns Start
New Hires/ Interns Start
3/15 Individual (1040) Training
6/1 12/31 Cost Certifications Arbitrage Rebate
Calculations
3/16 5/15 400 Individual (1040) Returns 250
Property Tax Returns 250 Not for Profit (990)
Returns
7/15-9/15 150 Not for Profit returns (990)
Tax
Vacations
1/31-3/31 1,600 Partnership (1065) returns 150
Corporation (1120) returns 150 S Corps (1120S)
returns
7/1 12/31 Tax research issues
5/15-715 Extended 1065
6/1-12/31 Biweekly lunch training
sessions Training Committees Mentoring
Weekly training lunches
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Experiences
Syndication transactions
Cost certifications
Summertime frontline cost studies
Multifamily apartment community audits
Not for Profit audits (50)
Audits of Investment Limited Partnerships
Financial Forecasts
Nursing home audits
Low Income Housing Tax credits
Homeowners Audits
Electronic Submissions
Cooperative housing audits
401(k) audits
Reviews of audits submitted to the US Dept. of
Agriculture
Tax - C-corps, Sub S, LLC, Not for Profits,
Individuals, and 50-75 non real estate
entities
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Home of the Internship Program

• Jan Feb Mar Apr
  May Jun Jul Aug
  Sep Oct Nov Dec

Spring Internship
No Internships planned
Fall Internship
DOZs Spring Internship opportunity is the best
challenge available for any student because, as
an intern, you are eventually responsible for
performing entire audits there is no better
learning experience than that! - Andrew
D. Former Audit Intern
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DOZ Audit Staff/ Interns Sample Schedules 1-
2
Hours per week
Hours per week
Hours per week
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DOZ Audit Staff/ Interns Sample Schedules 3-
4
Hours per week
Hours per week
Hours per week
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DOZ Tax Staff/ Interns Schedule Busy Season

• Receive approx. 40 hrs of training
• Complete over 200 Tax returns (Partnership,
  Individual,
• Corporation, S-Corp, Property Tax, Not for
  Profit)
• Gain understanding of partnership taxation and
  how numbers flow from
• the Audited financial statements
• Prepare Tax Packages from Audit work-papers
• Assist in Tax Processing Center one day a week
  to fully understand how
• all Tax Department processes
• Understand and be able to effectively utilize
  Prosystems Engagement,
• Tax and Fixed Assets
• Be part of the best buddy and mentoring
  systems in Indy

The best training available!
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Communication
New Hire Training Books
New Hire Buddies
Work Side By Side With Partners
DOZsConstantCommunication
Monthly Mentor Meetings
Tax Weekly Busy Season Meetings
Monthly Newsletter
Monthly Manager Meetings
Committee Meetings
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CommitteesAll levels of staff manage the Firm
thru Committees

• Recruiting
• Training
• Motivation
• Scheduling
• Technology

• Work Programs/Work-papers
• Technical Issues
• Evaluations
• Quality Control
• Tax Credits

• Each committee develops objectives and are
  measured by these objectives
• Each committee member receives an annual score
  for their contribution to
• the committee, which is included in their
  Annual Evaluation
• Each committee leader presents updates at the
  MMM (Monthly Manager Meeting)

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Training Development

• DOZ has created / developed various course
  materials focused on our professionals to allow
  for continued growth during their career.
• New Hires extensive training and Case Study to
  prepare our new professionals for real world
  audit work within a month later.
• Experienced Staff extensive training to prepare
  our professionals to run engagements and
  understand the administrative side of an audit.
• Seniors/Managers/Partners specialized training
  on various topics to prepare our professionals to
  provide value and advice to our clients.

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Work / Life

• The 3 original Partners (D (dauby),O (oconnor)
  and Z (zaleski) ) value family first they have
  13 kids combined!
• Steve Dauby and his wife have 5 kids
• Sean OConnor and his wife have 4 kids
• Ted Zaleksi and his wife have 4 kids
• The Partners have created a family type
  environment.
• 60 of personnel are under the age of 30 and ALL
  are heard and have a voice in management through
  the Committee system.
• The very active Motivation Committees main
  objective is to address Work/Life Balance issues.
• The Committee includes personnel from all
  Divisions whose focus is to make certain we are
  having fun and addressing work/life issues.
• The head of the Scheduling Committee and the
  Motivation Committee is the same person in order
  to assure we are being fair in allocating work
  (Scheduling Committee) and addressing personal
  issues (Motivation Committee).

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Mentoring / BuddyAssigned a buddy for first
busy season pick a mentor thereafter
Specific expectations for each person Annual
Review write-up
Monthly Mentor/ Buddy Meeting and discussion
Topics documented and sent to administrator for
next months email
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Performance Management
Committee Involvement Score
Periodic Evaluation Scores
Quality Control Score
Instructor Evaluation Score
Mentors Input
Upward Feedback Scores
Technical Ability Score
Salary Benefits letter early June
July 1st new salary begins
Annual Review Discussion June
Record Progress On Expectations
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Reasons to Intern at DOZ
10. Find Out if Public Accounting is for You 9.
End of Busy Season Party 8. Work with Others
Your Age 7. Experience a Family Oriented
Environment 6. Travel Coast to Coast 5.
Interact With Partners One on One 4. Weekly
Meetings with a Mentor 3. Weekly Performance
Evaluations 2. Be Involved with a Variety of
Projects 1. Complete Full Audits
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CPA Exam

• Effective 1/1/2007
• 1,500 Loan for CPA exam expenses that you can
  spend as you desire
• Study Materials
• CPA exam costs
• Once you pass the Exam, the Loan is forgiven - -
  you owe nothing
• Agreement through Becker for discounted materials
  for DOZ employees
• 32 hours (4 days) off per year to sit for CPA
  exam

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Differentiators

• Uniqueness How many other firms work in 40
  states all managed from 1 location?
• - If they could do it,
  they would ! What this says is theres a clear
  need for
• Seniors a role we
  would like to train you for, and reward you
  for.. And
• we will do it
  quicker than anyone else !
• Reputation - DOZ is one of the largest HUD
  auditors in the USA / 20 yrs. in business
• Expertise - Become an expert in real estate / not
  a generalist
• Client Fees Very reasonable client fees 95
  proposal acceptance rate !!!
• Client Relationships - Unparalleled in the
  industry / unprecedented retention. On 80 of
  the
• audits
  we work directly for the owners
• Technology - Workpapers and Programs all on
  computer /Clients will download reports
• High Partner Involvement - Work side by side with
  partners
• Your schedule - Your schedule/overtime/out of
  town is predictable and closely managed
• Leadership - Excellent leadership with national
  recognition of industry skills
• Growth Plans to double in size in 5 yrs !
  Moved to a new location in 2006!
• Work environment - Friendly, family-oriented work
  environment
• Flex - Flex schedules available in the Summer
• Raises Excellent raises for excellent
  performance
• Recruiting - Immediate recruiting opportunities
  and rewards
• Committees Immediate involvement and rewards
  for working on key committees that help

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Sample Fun Stuff..
60 of employees in their 20s

• Busy Season 2006 Office Olympics
• January
• 1st Saturday 80s theme dress-up
• 2nd Saturday Scavenger Hunt
• 3rd Saturday Pie eating contest
• 4th Saturday Best hat contest
• February
• 1st Saturday High school dress-up
• 2nd Saturday Plant growing contest
• 3rd Saturday 18 hole golf tourney
• March
• 1st Saturday Talent show
• 2nd Saturday Cookie bake-off
• 3rd Saturday Office Decathlon
• 4th Saturday Ugliest childhood photo

• Busy Season 2005 Office Olympics
• January
• 1st Saturday Best hat contest
• 2nd Saturday Scavenger Hunt
• 3rd Saturday 10 key calc-off
• 4th Saturday Cubicle tailgate party
• February
• 1st Saturday Paper-wad pop-a-shot
• 2nd Saturday Valentine heart hunt
• 3rd Saturday Obstacle course
• March
• 1st Saturday Pie eating contest
• 2nd Saturday Internet Scavenger hunt
• 3rd Saturday Internet Scavenger hunt II
• 4th Saturday Plaid day contest

Awards Gold, Silver, Bronze
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Visit our website !

• www.doz.net