Operation reset: government management post-COVID-19
The COVID-19 pandemic has challenged our world in ways we have never experienced before. The health, economic and societal impacts of the pandemic will linger long after the return to "normalcy." As states continue to slowly reopen businesses and government offices following their plans to ensure a safe return for citizens, local governments, school districts and utility companies face many questions and obstacles to reopen, recover and reset their operations, finances, workforce and economic development projects.
This one hour webinar will focus on understanding the fiscal impacts from COVID-19 on governmental entities’ budgets and revenue sources as communities reopen. Our presenters will discuss how to quantify the financial impact and what tools and resources are available to help combat revenue shortfalls and cash flow deficits (i.e., from delayed property tax payments). We will also review key CARES Act provisions that provide relief funding and/or resources for state and local governments.
Key takeaways from the webinar:
- Learn about the available relief funding sources for state and local governments and how to manage funding they are eligible to receive
- Understand the importance of monthly cash flow analysis to manage budget shortfalls and estimate revenues for the remainder of the current year and next year’s budget
- Review key considerations for capital improvement planning, rate increases and other important decisions for utilities
Presenters and subject matter specialists:
- Amanda Blomberg, CPA, Director
- Patty Kettles, CIPMA, Director
- Susan Cowen, CPA, Manager
For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.
