Offeror shall provide all equipment, supplies, labor and supervision to provide qualified fiscal turnaround services for a broad range of issues related to local government fiscal distress and intervention essential to restoring the fiscal health of the identified locality within the Commonwealth. Offeror shall provide: • Assessment of the efforts and outcomes of any prior work completed in the locality related to the remediation of the locality’s fiscal distress and provide a fiscal recovery plan to complete any incomplete tasks and objectives. • Assessment of the locality’s (and any component units’) current financial condition, liquidity, ability to meet obligations and provide essential services, and any structural budget imbalances, etc. • Assessment of the locality’s various administrative shortcomings, cash flow issues, inability to pay expenses, revenue shortfalls, deficit spending, structurally imbalanced budgets, billing and revenue collection inadequacies and discrepancies, debt overload, failure to meet obligations to authorities, school divisions, or political subdivisions of the Commonwealth, lack of trained and qualified staff to process administrative and financial transactions, or the inability to timely produce an audited financial report...
