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In difficult fiscal times many budget officers and municipal managers begin the process by a rather simple approach: Revenues are down 10%, we need to cut the budget by 10%. Then they wait for the battles to begin, internally with department heads, externally with council members and other public stakeholders. This OnDemand Webinar will provide budget preparers with a comprehensive framework for preparing the budget to meet the realities of revenue constraints, set priorities, build consensus, and avoid unproductive budget negotiations. You will learn how to invest your time upfront to gather the data and other information, as well as use effective tools to analyze, prepare and propose an effective budget that meets the fiscal and policy objectives of your governmental unit.
Date: 2011-07-25
Time: -
In Difficult Financial Times It Is Critical to Set Fiscal and Consensus Building Framework Prior to Building and Presenting the Budget
Analyze Historic Revenue Performance Against Historic Expenditure Performance
Identify Your True Baseline Budget
Dont Forget to Include Operational Impacts From Capital Improvement Plan
Build Internal Consensus for Your Budget Priorities
Create a Fiscal Framework or Big Budget Fence
Build a Relationship With Department Heads Using Data to Support the Discussion
Establish Budget Priorities Based on First Dollar of Revenue, e.g., First Dollar Goes to Unavoidable Expenses Such as Baseline Salaries
Establish Priorities Any New Revenue Over Current Baseline
Build External Stakeholder Consensus Around Budget Priorities
Meet With Council Members Before Finalizing Budget, e.g., Hold a Budget Retreat
Use Objective Sources of Information to Support Your Case for Revenues, Expenditures, Reserves, etc.
Be Flexible, Prepare Best and Worst Case Scenarios and Their Impacts on the Budget and Reserves
Herschel Frierson, Crowe Horwath LLP Bert Nuehring, Crowe Horwath LLP
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Click here for detailed credit information
This live audio conference is designed for county and municipal officials, city managers, board members, department heads, controllers, accountants, attorneys and others involved in budget development.
SKU: 388449EAU
Date: 2011-07-25
Time: -
Price: $199.00 USD
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