Michael L. Lloyd, CPA - Principal

Michael organized Lloyd & Associates, CPA as its principal in December of 1999 with a vision to offer PHA’s in the Southeast something new - accounting services conducted and overseen by a CPA  This vision has been realized, growing from a firm serving numerous PHA’s in Alabama to PHA’s in the Southeast, including Mississippi, Tennessee.  Michael has grown the firm beyond its Southeast borders, to include West Virginia and Missouri, as well financial consulting for PHA’s in Connecticut, Virginia, and Georgia.  Under his guidance, the firm has chiefly provided all aspects of PHA financial accounting, including budget preparation, monthly transaction data entry, to end-of-year closeouts.  Michael further has further overseen the full time management of PHA financial departments on an interim basis, along with all management functions including procurement, modernization and most importantly, HUD compliance.  Developed from Michael’s extensive PHA background, Lloyd & Associates, CPA is very capable of offering diverse accounting services based on the needs of the client, including fee accounting, consultation, training and coordination. 

Michael was formerly the Chief Financial Officer of the Jefferson County Housing Authority (JCHA).  He served in this capacity for seven (7) years, with primary responsibilities of overseeing accounting operations, development of the non-profit and Section 8 administration. 

Working as the second in command in a large PHA has provided Michael with a unique perspective and understanding of PHA’s.  He is familiar with the duties associated with all positions within the PHA outside of accounting, as well as the unique structure of the PHA’s accounting department, itself.  In addition, he is familiar with pay levels and relationships of positions within such organizations.  He has a keen understanding of the challenges and opportunities of housing authority administrators.

Michael has further taught classes for executive directors, PHA accountants, and PHA administrators.  The materials he teaches from can be made available upon request. 

In addition to his background and experience as Chief Financial Officer for JCHA, Michael originally began his accounting career as Senior Auditor with Borland, Benefield for three (3) years.  His principal duty was auditing Housing Authorities in Alabama, Mississippi and Kentucky.

Educational credentials include a B.S. degree in Accounting from the University of Alabama in Huntsville and the States of Alabama and Mississippi certify him as a Certified Public Accountant.  Mr. Lloyd received a bachelor of science in Accounting in 1988 from the University of Alabama, Huntsville.

Michael belongs to the following organizations and associations:

National Association of Housing and Redevelopment Organizations (NAHRO)

Alabama Society of CPA’s (ASCPA)

American Institute of CPA’s (AICPA)

Proficient in many Housing Authority software packages such as SACS.NET, HAPPY, QUICKBOOKS, TENMAST

K. Deanna Burgess
Senior Accountant

  • Performs bank reconciliations on a monthly basis for various clients from simple to complex
  • Review and performs analytical analysis on Clients General and Subsidiary Ledgers.
  • Prepares monthly financial statements for clients within a timely manner.
  • Balances Tenants Receivables with General Ledger for all clients.
  • Verifying Accuracy, completeness and consistency of accounting information and records
  • Analyzing accounts for reconciliation, refining process and maintaining Internal Controls
  • Capital Funds
  • Proficient in many Housing Authority software packages such as SACS.NET, TENMAST LINDSEY, QUICKBOOKS.
  • Improving workflow procedures to ensure rapid turnaround procedures essential to completing monthly financial statements
  • Prior to joining Lloyd & Associates, CPA, Ms. Burgess worked in accounting at a large CPA firm in Birmingham, performing monthly financial statements and analytical for over 20 years. 
  • Ms. Burgess holds a degrees from the University of North Alabama, Florence, AL with include a BS in Accounting.

Steven H. Emerson, CPA, CGFM, CGAP, CFE, CITP, CGMA
Senior Accountant

Steven will be the Senior Accountant with Lloyd & Associates, CPA in completing the tasks assigned with the Jackson Housing Authority.   Steven will bring a multitude to experience to ensure the highest quality and efficiency in performing the scope of services.

Steven has more than 11 years of public accounting experience and has performed over 250 audit engagements and over 100 Single Audit engagements. Steven’s specialization includes Government Accounting and Audits; Nonprofit Audits; For Profit Audits; SEC Audits and Income Tax Compliance.  

Steve has spent 11 years in staff and supervisory roles conducting and leading both tax and auditing engagements and has recently started his own consulting firm. Steve provides consulting to small and large accounting firms both locally and nationally and to governmental entities and internal audit departments. Steve was recently added as an instructor for the Association of Government Accountants’ (AGA) Certified Government Financial Manager (CGFM) exam review program where he instructs for the AGA throughout the United States. He also volunteers his time to the Government Finance Officers Association reviewing CAFR (Certificate of Achievement for Excellence in Financial Reporting) reports, Budgets (Distinguished Budget Presentation Awards Program), PAFR (Popular Annual Financial Reporting Awards Program) reports and SGAFR (Certificate of Conformance Program for Small Government Annual Financial Reports) reports