Web Resource Companion for the GFOA's
An Elected Official’s Guide: Long-Term Financial Planning
Create financial sustainability for your community with An Elected Official's Guide: Long-Term Financial Planning for Local Government. Learn the fundamentals of financial planning, from what constitutes a plan to how to establish one that will benefit your community's future. Sections covered include An Introduction to Long-Term Financial Planning; Long-Term Financial Planning and Organizational Roles; Implementing Long-Term Financial Planning; Cornerstones to Financial Sustainability; and Long-Term Financial Planning Implementation.
The resources on this Web page supplement the material found in the GFOA's book, An Elected Official's Guide to Long-Term Financial Planning. For additional resources on financial planning, please visit our feature Web site at www.gfoa.org/ltfp.
Examples of Financial Plan Documents - Examples of financial plans featured in the GFOA’s flagship financial planning publication, Financing the Future.
Survey for Elected Board - Surveying the elected board at the beginning of the financial planning process helps to identify important issues and get everyone involved in planning from the beginning. A survey questionnaire used by the Town of Addison, Texas, is shown here as an example.
Financial Trends Reports
Measures like market share, profitability, and cash flows are often used to judge private companies. Similarly, measures can be used to describe and monitor government financial condition. Here are examples of how the cities of Scottsdale, Arizona, and San Clemente, California, monitor their financial condition.
A “dashboard” summarizes performance information into convenient and easily understood indicators. The indicators provide at-a-glance and timely information on crucial issues of financial and organizational performance. Dashboards focus attention on what is truly important and highlight areas where performance is failing. Below are some examples of dashboards.
Washington Transportation Improvement Board. This is an award-winning dashboard that provides information on transportation project performance. See the “performance” tab.
Proviso Township High Schools District #209. This example shows a dashboard that features a balanced portfolio of financial and operational indicators. The district is still developing the dashboard to provide more detail on the data that underlies their summary indicators.