Fiscal First Aid

Diagnosing the Financial Condition of Your Local Government

Diagnosing the Financial Condition of Your Local Government

Recovering from financial distress requires local governments to assess where actions are appropriate. GFOA’s Fiscal First Aid: A 12-Step Process for Financial Recovery identifies two kinds of diagnoses that are part of the recovery process. The first kind, and the subject of this paper, is an initial diagnosis focused on technical, financial elements of the local government. It is important to understand these elements early in the recovery process. This is Step 4 in the GFOA recovery process.


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