Distressed Municipal Government Advisory Services
Municipalities, especially cities located in California, are facing fiscal challenges. The financial crisis has been years in the making, compounded by the nation’s crushing recession, exacerbated by escalating pension costs, lucrative labor agreements, and last but not least, Sacramento’s raid on redevelopment funds.
The Pun Group would like to announce its strategic alliance with SulmeyerKupetz, a boutique law firm specializing in representing local public entities in workouts designed to avoid a formal court process, municipal reorganization when an out-of-court workout is not feasible, and investigations and related matters involving financial issues. The alliance will bring SulmeyerKupetz’s consulting services to distressed municipal governments. Collectively, the experience level is unprecedented in the professional services environment.
This new alliance offers all forms of consulting services as well as specialization in a variety of areas including accounting services, financial analysis, due diligence, and litigation support services. The primary focus will be to work with municipal governments in an advisory role utilizing our accounting, finance, and litigation support backgrounds in the following areas:
- Assisting management with financial condition analysis
- Outsourced accounting services
- Organization structure review
- AB 506 consulting
- Cash flow analysis
- Restricted resources determination, classification, and documentation
- Litigation support
- Reviewing and updating current financial records
- Fraud review
- Redevelopment funds review
- Analysis of proper fund accounting