The Accounting Department is responsible for paying expenses for all programs administered by WTO, Inc., reconciling vendor and bank statements, issuing W-2 and 1099’s, and preparing monthly and quarterly reports for each funding source. In 2024, WTO, Inc. processed over 15,000 checks to more than 1,500 vendors. The Accounting Department is a crucial point of contact for all employees, vendors, contract managers, monitors, the Board of Directors, and auditors. The accounting department strives to ensure the accuracy of each transaction while providing payments to those creditors. Each employee in the accounting department is assigned specific job duties; however, the staff is cross-trained to ensure a continuous process of all WTO, Inc. accounting operations.
In 2024, West Texas Opportunities, Inc. employed 245 full-time and part-time employees in 27 different locations with a payroll totaling just over 7 million dollars. WTO, Inc.’s Accounting Department consists of 9 full-time and 1 part-time employees. The department oversaw a total budget of $31,000,000 in 2024, which includes funds from federal, State, and local donations.
