The Engagement
Conway MacKenzie served as the operational restructuring advisory to a large municipality with $2.5 billion in revenue and $18 billion in liabilities.
Our Role
Conway MacKenzie assisted the municipality in evaluating, developing, negotiating and executing the short and long-term operational restructuring actions the Municipality undertook to achieve improved service delivery, structural cost savings, enhanced revenue generation and eliminating the deficit. Key areas of focus for Conway MacKenzie included: (1) General Fund departments with significant revenues, expenditures, and/or outstanding A/R balances, (2) Enterprise Fund departments with significant subsidies from the General Fund, (3) common processes impacting departments across the Municipality (e.g. collections, finance, treasury, IT, HR, etc.), (4) redundancies across departments/agencies.
