The Challenge:
• Designated fiscally distressed by the Commonwealth’s Auditor of Public Accounts (APA)
• Years of financial instability, including repeated audit disclaimers
• No unmodified audit opinion since 2014 and no completed financial statements since 2019
• Unreliable financial reporting and weakened internal controls
• Significant compliance, governance, and operational risk

Our Role:
RBG was engaged to lead emergency financial remediation and stabilization efforts, including:
• Delivering Financial Remediation Services to stabilize City financial operations
• Designing and implementing Standard Operating Procedures (SOPs to ensure compliance with Virginia audit requirements
• Developing a comprehensive ERP remediation and modernization work plan
• Implementing critical system modules to improve controls, security, and workflow efficiency
• Standardizing financial practices across departments
• Clearing audit backlogs and restoring disciplined, reliable financial reporting

The Outcome:
• Restored compliant financial operations and governance discipline
• Re-established reliable, auditable financial reporting processes
• Strengthened internal controls and financial oversight
• Improved transparency and accountability across City operations
• Positioned the City on a sustainable path toward fiscal stability, compliance, and restored public trust

Capabilities Applied:
Financial Recovery • Operational Stabilization • Compliance & Audit Remediation • ERP Modernization • Governance & Controls • Public Sector Turnaround