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FINANCIAL MANAGEMENT/When disaster strikes

Published Tuesday, February 01, 2005

News coverage of the cataclysmic tsunami in Asia and rains in California have reminded Americans of the importance of emergency preparedness. In addition to shattered lives, disaster carries a financial burden. By using work management software, local government can focus on emergency recovery knowing that costs are being documented for later reimbursement. Most natural disasters are small ones, such as a washed-out road or hail-damaged facility, which can be expensive but manageable. Some large disasters, however, can overwhelm a community. For catastrophic emergencies, financial assistance often is available through the Federal Emergency Management Agency (FEMA), the Department of ...

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