The centerpiece is a 12-step process we call Fiscal First Aid: Recovering from Financial Distress. Each step below provides various resources, tools, case studies, and more information to help progress through the different steps of the financial recovery process.
12-Step Fiscal First Aid Recovery Process
Step 1: Recognition
Step 2: Mobilize
Step 3: Generic Treatments
Step 4: Initial Diagnosis
Step 5: Near-Term Treatments
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
Economic Indicators Dashboard
GFOA created the following dashboards to provide one location for local government finance officers to easily access an up-to-date array of data/trends/indices to help them forecast revenue, expenditures, debt issuance, employment and other short- and long-run economic factors impacting their constituents. They are divided into six differernt dashboards based on type of data
How to Evaluate Balancing the Budget Strategies?
Things a government might do to cut costs or enhance revenue in the near term can be risky. This document will help you evaluate and mitigate that risk.
The COVID-19 pandemic and related financial recession has forced governments to change practices in addition to making significant budget cuts. Finance officers are responsible for continued business continuity amid this crisis. To provide assistance, GFOA developed the following research papers focused on working from home, maintaining treasury operations, reducing the use of paper, and best utilizing the procurement function.