Financial Management

Fiscal Choice can assist you with operating and capital challenges. Sometimes, independent insight and immediate availability of experienced staff can help you to explore your options. We develop implementable strategies based on the principles of performance metrics, organizational effectiveness and finance. Some examples of our success include:

REDUCING COSTS OF JUVENILE DETENTION CENTERS

As federal rules have placed more emphasis on probation and electronic monitoring of minors, many counties are left with high vacancy rates and extremely high per diem costs for those remaining in custody. A medium-sized Midwestern county had our staff explore 1) the fiscal options for incarceration, 2) the merits of taking or sending juveniles to/from other counties, and 3) the fiscal impact for other uses of the vacant space. We developed options to reduce the County’s annual cost by $1 million.

PROVIDING COST/BENEFIT ANALYSES

Our partners are experts at analyzing the financial advantages and disadvantages of a variety of issues. For example, our staff has helped:

•A large Southern city to decide whether to outsource parts management in the fleet management department
•A Midwestern county to determine the merits of terminating a janitorial contract
•A medium size Midwestern county to decide whether to outsource fleet management for the Sheriff’s Office
•A large Midwestern county to assess the merits of accepting a Federal grant for jail expansion

FINANCIALLY RESTRUCTURING A $100 MILLION FLEET OPERATION

Our staff has reviewed the fleet operations of a large Midwestern city and developed recommendations for its reorganization, including new computer systems designed to manage productivity, preventive maintenance, work orders, warranty work, fuel and parts inventory. As a result, the overall fleet performance was improved and costs were reduced.