Financial policies are used by a governing board and executive management to set the baseline standards for how the organization will be managed financially. Financial Policies is a GFOA publication that provides guidance on developing and implementing financial policies. The book takes a new look at traditional policies such as those for general fund reserves, debt, and revenues. It also examines emerging policy issues around economic development, enterprise risk management, and reserves for funds other than the general fund.
This book provides governments with a step-by-step approach to developing and implementing financial policies. The author provides comprehensive coverage of financial policies for a range of administrative functions, including budgeting, capital improvements, debt management, and investments.