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. Learning Objectives: •You will be able to define and analyze historic revenue performance against historic expenditure performance. •You will be able to explain how to build internal consensus for your budget priorities. •You will be able to review how to build external stakeholder consensus around budget priorities. •You will be able to identify how to be flexible, prepare best and worst case scenarios and their impacts on the budget and reserves.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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
- Don't 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
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 21, 2013.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Bert Nuehring
Crowe LLP
- Partner in the Public Sector Services unit of Crowe Horwath LLP located in Chicago, Illinois
- Responsible for planning, administering and supervising audit, accounting and consulting service engagements for governmental and not-for-profit entities
- Experience includes projects related to American Recovery and Reinvestment Act monitoring and reporting, performance auditing, internal auditing and accounting outsourcing, rate and cost analysis, cash flow forecasting, compliance analysis, debt restructuring, budgeting, federal program administration, standard implementation, strategic planning, project management oversight, and tax increment financing
- Presenting at seminars such as Government Finance Officers Association, the Association of School Business Officials International and other state professional associations
- Guest lecturer at the University of Illinois at Chicago on governmental and nonprofit accounting and accounting information systems
- Member of the American Institute of Certified Public Accountants; the Government Finance Officers Association, past member of the Special Review Executive Committee for the Certificate of Excellence in Financial Reporting; and the Association of School Business Officials, ASBO Certificate of Excellence in Financial Reporting by School Systems Panelist and Accounting, Budgeting, and Financial Reporting Committees
- Graduate, Wartburg College, Wavery Iowa
- Can be contacted at 312-899-8346 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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