Turnaround Situations

In today’s difficult economy, many governments find themselves in fiscal distress. The people in charge have to manage the interests of the public as well as attorneys, creditors, employees and consultants of various kinds – all while trying to determine what life will be like next month or next year. We complement your team’s efforts in renegotiating debts and contracts and selling or leasing assets with our knowledge of governmental operations. We facilitate choices about how to apply limited funds to necessary services when independent insight is necessary. Fiscal Choice has the skills and experience to help cities and their turnaround specialists address some of the financial and operational issues that may have contributed to the situation, such as:

•Improving the management of grants so that funds are used as soon as possible and disallowances are limited

•Evaluating financial options

•Identifying revenue sources that are ignored or under utilized

•Analyzing staffing levels to determine the resources that are really needed

•Developing implementation strategies

FISCAL CHOICE CAN ALSO HELP ADDRESS WAYS TO MOVE TOWARD A BETTER FUTURE, INCLUDING:

•Determining necessary staff levels and making the change to the new levels

•Restructuring services disruptions while achieving specified service levels

•Identifying under utilized revenue streams