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The City of Fresno\'s 2024 Recovery Plan outlines initiatives funded by SL FRF for COVID-19 recovery, focusing on equitable outcomes, community engagement, and various support programs. Learn more about impactful projects aimed at revitalizing our community.
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A recovery plan is a strategic framework designed to guide an organization in the event of a financial distress or crisis, outlining steps to restore stability and viability.
Entities considered systemically important or subject to regulatory oversight, such as banks and financial institutions, are typically required to file a recovery plan.
To fill out a recovery plan, organizations should conduct a thorough risk assessment, identify critical functions, outline recovery strategies, and adhere to regulatory guidelines for documentation and reporting.
The purpose of a recovery plan is to ensure that an organization can quickly and effectively respond to financial difficulties, minimizing the impact on stakeholders and enhancing overall stability.
Key information includes the organization's governance structure, risk assessment, recovery strategies, timelines, communication plans, and criteria for assessing when to implement the recovery plan.
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