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Financial Contingency Planning: Sources of Funding

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Chemical Dependency Counseling in Prison Financial Contingency Planning is essential to the success of any chemical dependency counseling program. There are many problems that can surface in the financial sector of the organizations and can result in high costs for the organization. A contingency plan in place can reduce the harmful effects of the challenge that surfaces. The development of financial contingency plan is through strategic scenario planning and develops the actions to be employ only upon the occurrence of anticipated future events. A contingency plan will protect the chemical dependency program from unforeseen threats or events that could interrupt the success of the program. This requires the source of revenue to be readily available to the chemical dependency counseling program in prison.
Public-Private Partners However, for any financial contingency plan to be successful there needs to be sources of revenue available. One source of revenue is the public-private partner. There are many forms of the public-private partner that can be put to use by the program. The Operations and Management model involves a public partner (federal, state, or local government agency or authority) who contracts with a private partner to provide or maintain a specific service (North, 2011). Through O&M, the public partner retains control over the chemical dependency program and retains management control. The next type of public-private partnership is the Operations, Maintenance, and Management. In this public-private partnership the public partner will retain ownership of the public program but the private party may also invest capital into the program. The private investor will receive a return on his or her money based on his or her investment and the resources of the program. The longer the contract terms, the greater potential for the private

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