Six Best Practices Adopted by Executive Board – January 2012The GFOA’s Executive Board recently approved two new Best Practices (BPs) and four revised Best Practices for the GFOA’s membership. The Best Practices were sent to the Executive Board from the GFOA’s Standing Committees. Read more for a summary of the BPs, and a hyperlink to each of the documents can be found in their titles.
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Model for Self-Assessment of the Finance Function Now Available
How effective is your jurisdiction's financial management? The CIPFA GFOA FM Model can help you find out. This powerful tool, created by the GFOA's U.K. counterpart, the Chartered Institute of Public Finance and Accountancy, and customized for U.S. and Canadian governments by the GFOA, will help your organization achieve high performance in financial management.
New GFOA White Paper Defines Zero-Base Budgeting in Current PracticeZero-base budgeting (ZBB) is a budgeting process that asks managers to build a budget from the ground up, starting from zero. However, ZBB has been the subject of some controversy over the years, owing primarily to questions about the value ZBB analysis provides, in light of the costs incurred to putting ZBB into practice.
The goal of this paper is to define what ZBB means in current practice, describe the uses of ZBB, help public officials have a conversation in their organizations about the value of ZBB, and explore the important alternatives to ZBB.