Magazine Articles on Long-Term Financial Planning
The Role of Leadership in Building High-Performing, Sustainable Organizations (Government Finance Review, December 2008)
There is an alternative to slashing services, laying off employees, and raising fees. The City of Coral Springs changed its outcomes by changing its structure, using the Florida Sterling and Malcolm Baldrige Criteria for Performance Excellence to help create a high-performing, sustainable organization.
Leading the Way to Fiscal Health (Government Finance Review, December 2008)
As the fiscal reality facing government entities across the nation becomes more challenging to manage and the necessary financial choices become more difficult to make, the leadership role of the government finance officer must assume a new and more critical dimension — that of a true diagnostician.
Fiscal First Aid (Government Finance Review, October 2008)
In an environment where many local governments are feeling financial pressure, minor structural imbalances that were manageable in the past may now manifest as a financial crisis.
Getting Your Priorities Straight (Public Management, June 2008)
This case study of Jefferson County, Colorado, shows how prioritization offers an objective process that allows those responsible for resource allocation decisions to ensure that those programs of higher value to citizens can be sustained through adequate funding levels regardless of the fiscal crisis du jour.
How Green Programs Get the Gold: Lessons for Mid-Sized Communities (Public Management, May 2008)
GFOA research shows that cities with an effective sustainability program start by taking advantage of whatever support is readily available to create sustainability programs that also offer financial, health, or aesthetic benefits to citizens and make government itself sustainable.
Long-Term Financial Planning for School Districts (School Business Affairs, November 2007)
Public schools are facing a period of transition. New sources of fiscal distresses and challenges are transforming the education landscape. Long-term financial planning is an emerging tool for districts to address these challenges and provide the community with consistent and appropriate school services.
The Road to Financial Sustainability: Planning Challenges (Government Finance Review, October 2007)
Long-term financial planning is a vital discipline for creating and maintaining financial sustainability, but there are many challenges to overcome along the way.
Supercharging the Long-Term Financial Planning Process: City of San Clemente, California (Government Finance Review, October 2007)
The City of San Clemente found that revitalizing an already successful long-term financial planning process to be a valuable exercise in improving the city’s current and projected fiscal health.
Planning for Fiscal Stability: City of Scottsdale, Arizona (Government Finance Review, October 2007)
This article outlines the city of Scottsdale's Strategic Financial Plan, which includes program components and attention to changing economic trends that assist the city in planning for fiscal stability.
Forecasting Revenue for the Long Term (Government Finance Review, October 2007)
A long-term revenue forecast is a critical element of long-term financial planning that allows a government to assess its fiscal sustainability.
Protect Your Community with Financial Planning (Public Management, June 2007)
An article from ICMA's monthly magazine that focuses on how financial planning can positively impact the role of the local government manager.
The Effect of Demographic Change on State and Local Government Budgets (Policy Forum, 2007)
Assessing Local Government Financial Health Using Financial Statements
In a series of GAAFR Review articles entitled "Helping Users to Interpret Local Government Financial Statements," Stephen Gauthier explains how users of local government financial statements must assess a local government's financial health from three different perspectives: the entity’s near-term financing situation; its overall financial position as represented by the totality of its assets and liabilities, as well as the difference between them (i.e., net assets); and its economic condition (e.g., the vitality and diversification of the local economy, the breadth and depth of the government's tax base).
Part 1 - September 2005, p. 2
Part 2 - October 2005, p. 2
Part 3 - November 2005, p. 2
That’s the Ticket: Lessons Learned from Chicago’s Parking Ticket Amnesty Program (Government Finance Review, August 2004)
Forced to seek out alternative revenue sources to make up for flagging sales andtourism taxes, the City of Chicago developed a parking ticket amnesty program that generated $9 million inrevenues in just six weeks.
A Bottoms Up Approach to Budget Deficit Reduction: Palo Alto’s Strengthening the Bottom Line Initiative (Government Finance Review, April 2003)
By involving employees in the city’s deficit reduction efforts, Palo Alto was able to eliminate an $11.5 million budget gap while preserving organizational vitality.
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