The Government Finance Officers Association Research and Consulting Center (RCC) researches and communicates the latest trends, methodologies, and solutions in government management. With experience in a variety of financial areas, the RCC explores technology issues, focusing on financial management and technologies, budgeting, performance management, and financial planning and management. Current research projects include:
IT Strategic Planning and Governance, which explores the organizational structure for making decisions about how IT can support business objectives, how to prioritize IT investments, and how to align organizational behaviors with those needed to gain value from IT
Investigating the sustainability of local government revenue structures
Developing the Finance Officer Leadership Toolbox to help finance officers move beyond a traditional control-oriented role into one that helps the organization meet its strategic objectives
Exploring the expanded leadership role finance officers should assume in capital projects
Defining the fundamental characteristics of public sector performance management.
The RCC produces a number of publications through the course of our research. We have featured some of our newer publications here, including printable excerpts, auxillary articles, and reviews. The full offering of GFOA publications can be viewed and purchased at the GFOA e-store.
Financing the Future: Long-Term Financial Planning for Local Government
Faced with downward pressures on tax revenues, increasing expenditures, shifting demographics, as well as a host of other complex challenges, local government needs a new approach to planning. The traditional locus of governmental planning, the annual budget, is ill suited to address such challenges due to its inherent tactical and short-term nature. This makes long-term financial planning an indispensable complement to traditional budgeting and an invaluable piece of a government’s overall planning framework. Financing the Future articulates how long-term financial planning combines financial forecasting with financial strategizing to identify future challenges and opportunities, causes of fiscal imbalances, and strategies to secure financial sustainability. This book describes how government organizations can create and implement a long-term financial plan to improve its long-term, strategic financial outlook.
Capital Project Planning and Evaluation
This book is directed at finance officers from small to mid-size governments and will provide information on capital projects that most governments take on. Finance officers should have an expanded role in capital projects and this book provides information so they can be “informed consumers” and take on a leadership role throughout the entire process from initial planning through construction and into analyzing the impact on the operating budget. The book is organized with several general chapters on common aspects of capital projects covering public participation, common funding sources, procurement processes, and construction management as well as chapters detailing 11 “essential” capital projects, each authored by local government managers with direct experience.
An Introduction to Broker-Dealers for State and Local Governments (Second Edition).
Government investors depend on broker-dealers for a number of services. How has technology transformed the broker-dealer industry and the services that broker-dealers offer? How has industry regulation evolved? What does this mean for conducting due diligence on broker-dealers and how the industry is monitored? This book aims to assist government investors in understanding, navigating, and managing their relationships with securities broker-dealers in today’s marketplace.
Budget Technology Report
This report analyzes the market for software solutions to assist local governments with formulation and analysis of operating and capital budgets as well as with administration of performance measurement programs.
Technology Needs Assessments: Evaluating the Business Case for ERP and Financial Management Systems
This publication takes you through a step-by-step process for evaluating whether your government ought to invest in a new ERP or financial management system. Covered are concepts such as total cost of ownership (TCO) and return on investment (ROI), how to conduct market research into the solutions that may best suit your government, and how to assess the need to new information management technology by functional area.