Fiscal First Aid Resource Center

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

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Step 2: Mobilize

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Step 3: Generic Treatments

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Step 4: Initial Diagnosis

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Step 5: Near-Term Treatments

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Step 6: Detailed Diagnosis

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Step 7: Recovery Plan

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Step 8: Long-Term Treatments

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Step 9: Long-Term Financial Planning

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Step 10: Recovery Leadership

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Step 11: Manage the Recovery Process

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Step 12: The Outcome of Recovery

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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.