Fiscal First Aid: Solutions for Fiscal Stress - October 26-27, 2009
No prerequisite Course Level: Intermediate CPE Credits: 16
2 Days 9 a.m. - 5 p.m., both days Register online Register by mail or fax
Who Will Benefit
This seminar is designed for finance officers and financial analysts. There is no prerequisite for this seminar, which is intended to be introductory.
Program
In the face of declining economic conditions and fiscal pressure, many governments are facing pressing financial challenges that must be addressed as prerequisite to long-term service and financial sustainability. Fiscal first aid restores financial stability in the short term and sets the stage for long-term recovery. Participants in this course will be exposed to practical techniques for diagnosing and treating fiscal distress, including using recommended fiscal first aid treatments, spending within your means, understanding variance, and being transparent about the true cost of doing business. Participants will also learn how to better analyze financial position, communicate effectively about fiscal distress with elected officials and the public, and turn short-term fixes into long-term solutions for their governments.
Learning Objectives
Through presentations, discussions, case studies, and practical exercises, participants who successfully complete the course should be able to: - Identify symptoms and causes of fiscal distress
- Better diagnose and analyze the underlying causes of fiscal distress in their jurisdictions before rushing to treatment
- Understand the advantages and disadvantages of various fiscal first aid techniques
- Determine which fiscal first aid techniques are most appropriate under given circumstances
- Complete more accurate forecasts and better monitor fiscal health
- Communicate more effectively about fiscal distress with elected officials and other stakeholders
- Develop a short-term recovery plan
Recommended Reading
- Financing the Future: Long-Term Financial Planning for Local Government
- An Elected Official's Guide: Long-Term Financial Planning for Local Government
- Financial Policies: Design and Implementation
- Revenue Analysis and Forecasting
Web Resources
www.gfoa.org/fiscalfirstaid Registration FeesGFOA member: $580 Nonmember: $790
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