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Financial Recovery: A 12-Step Process for Regaining Financial Health - December 10, 2012

Group Internet-based course

Prerequisites: None
Course level: Intermediate

CPE Credits: 2

Time: 2:00 pm – 4:00 pm (Eastern)

 

Who Will Benefit
Finance officers and financial analysts

Program
Declining revenues and increasing expenditures are putting many local governments in a hard spot. The GFOA has designed a 12-step process for recovering from financial distress that aims to not only help governments arrest the decline, but to ultimately achieve a stronger, more resilient financial condition than when they started. This session will cover key concepts from the GFOA’s financial recovery website, such as building a recovery team, strategies for recovering from distress, and leading and managing the recovery process. The session will also feature practitioners who have experienced financial distress in their own organizations and what they learned.

 

Seminar Objectives
To cover key concepts from the GFOA’s financial recovery website, such as:

  • Building a recovery team;
  • Short-term retrenchment tactics;
  • Longer-term strategies for recovering from distress; and
  • Leading and managing the recovery process.


Recommended Reading

  • Financing the Future: Long-Term Financial Planning for Local Government
    • Faced with downward pressures on tax revenues, increasing expenditures, shifting demographics, as well as a host of other complex challenges, local governments need a new approach to planning. Readers of Financing the Future will discover key features of a successful long-term financial plan; phases pivotal to plan implementation; and how to involve elected officials, staff, and citizens to create a plan that gets results that are valuable to their community. With this publication, you will learn how to achieve and maintain long-term financial sustainability.
  • An Elected Official’s Guide: Long-Term Financial Planning for Local Government
    • Create financial sustainability for your community with An Elected Official’s Guide: Long-Term Financial Planning for Local Government. Learn the fundamentals of financial planning, from what constitutes a plan to how to establish one that will benefit your community’s future. Sections covered include An Introduction to Long-Term Financial Planning; Long-Term Financial Planning and Organizational Roles; Implementing Long-Term Financial Planning; Cornerstones to Financial Sustainability; and Long-Term Financial Planning Implementation.


Registration Fees
GFOA member:  $85     Nonmember:  $160

Brochure
Register online