Welcome to GovTalks, the Baker Tilly podcast series where we speak with public sector leaders from across the firm about practical guidance to help government entities protect and enhance their value.
In this episode, Public Sector Practice Leader Vicki Hellenbrand connects with Baker Tilly Municipal Advisors Paige Sansone and Nick Dragisich to discuss the importance of comprehensive financial planning in addressing COVID-19-related cash flow deficits and mitigating budget shortfalls.
Although it may be too soon to understand the full extent of the financial impact of COVID-19 on your organization, there will certainly be an impact. It’s imperative to understand both the short- and long-term implications to your financial position, with a focus on sustainability. In the short-term, how will delayed tax distributions affect your ability to make payroll or pay debt obligations for the remainder of the year? In the long-term, what revenue streams may experience a delayed or prolonged impact in 2021, and possibly 2022? This podcast addresses these and other related questions.
Vicki Hellenbrand, CPA, Public Sector Practice Leader
Paige Sansone, CPA, Partner
Nick Dragisich, PE, Firm Director
Baker Tilly understands state and local governments and how an unplanned event such as the COVID-19 outbreak can affect your organization and community. Visit our coronavirus resource center for state and local governments for additional tools and advice.
For more information on this topic, or to learn how Baker Tilly public sector specialists can help, contact our team.