Decision Tools for Budgetary Analysis
This practical guide presents 12 key budget analysis tools and explains in clear language how to use them. Discussion covers both basic tools (such as decision tables and decision trees) and advanced tools (such as return on investment and cost-benefit analysis), and is well-illustrated with examples specific to local government budgeting. Brief descriptions and step-by-step procedures are provided for each tool. In addition, the book introduces four techniques for simplifying decisions, and highlights some common pitfalls to avoid. It also presents advice on how to communicate budgetary analysis to decision makers and it shows how decision tools can help local governments to accomplish five of the National Advisory Council on State and Local Budgeting’s recommended practices.