New resource for local officials facing tough fiscal challenges

The Fiscal First Aid Resource Center from the Government Finance Officers Association (GFOA) is a set of resources to help local government finance officers through a financial crisis. County governments are already feeling the fiscal fallout from the COVID-19 pandemic and in the coming months, the chance that counties will see increased expenditures, decreased revenue or a combination of both is extremely likely.

The resource includes is a 12-step process called Fiscal First Aid: Recovering from Financial Distress. Access the guidance HERE.

Fiscal First Aid 12-step process:

• Step 1: Recognition
• Step 2: Mobilize
• Step 3: Generic Treatments
• Step 4: Initial Diagnosis
• Step 5: Fiscal First Aid
• Step 6: Detailed Diagnosis
• Step 7: Recovery Plan
• Step 8: Long-Term Treatments
• Step 9: Long-Term Financial Planning
• Step 10: Recovery Leadership
• Step 11: Manage the Recovery Process
• Step 12: The Outcome of Recovery

Additional resources from GFOA

• Working Remotely: A Guide for the Public Sector
• Cash is King: Short-Term Strategies to Slow the Flow of Money Out the Door and Keep the Budget Balanced

Upcoming Training

• April 13: Procurements Under FEMA Awards During Periods of Emergency or Exigency
• April 15: Assessing Risks Related to Cyber Crime