Commonwealth of Virginia

The buyer seeks consultants to provide hands-on financial support and turnaround services for local governments experiencing fiscal distress. The services include assessing financial conditions, developing recovery plans, and implementing strategies to improve financial reporting and restore fiscal health. The buyer requires expertise in local government intervention to address situations of fiscal distress expeditiously.

• 2/28/2025 - Issue Date
• 3/17/2025 - Questions Due
• 4/4/2025 - Proposal Due Date

• Assess current financial condition and prior remediation efforts
• Evaluate administrative shortcomings, cash flow issues, and budget imbalances
• Consult with key personnel to evaluate financial challenges and resources needed
• Develop and implement a fiscal recovery plan
• Provide a report of findings to the Secretary of Finance
• Document financial policies and procedures
• Complete a fraud risk matrix
• Provide recommendations for addressing gaps in internal control