Developing Effective Financial Policies

Training Type: 
Course Status: 
New Course
Date and Time: 
Sep 27 2017 - 2:00pm to 4:00pm  EDT
Field of Study: 
CPE Credits: 
Member Price: 
Non-Member Price: 


Chief Financial Advisor
City of Boulder, CO
Assistant City Administrator/CFO
City of Conroe, Texas
Finance Director
City of Garden City, KS
Finance Director
City of Burlingame, CA
Who Will Benefit: 

This training is intended for finance officers who have input in developing and reviewing their government’s financial policies. 

Program Description: 

Governing bodies and executive management use financial policies to set the baseline standards for how an organization will be managed financially. In this training session, participants will learn a step-by-step approach to developing and implementing financial policies, across all areas of financial management, including general fund reserves, operating budget, debt management, investments, economic development, and more. Speakers will address the need to create policies that are flexible enough so they won’t need to be re-invented due to recurring issues, but are also specific enough to provide proper guidance and controls on the decisions that governments can take. Additionall, speaker will cover how they have used financial policies to help promote long-term, strategic thinking and manage financial risks in their own organizations.

Seminar Objectives: 

Those completing this seminar will be able to:

  • Understand financial policies for a range of administrative functions
  • Define the problem the policy will address
  • Draft policies, remaining aware of legal requirements, and consider public comments and the experiences of peer governments
  • Review and present policies to government officials
  • Formally consider and adopt policies
  • Design effective polices that have a number of design features in common
  • Express policies in a manner that is understandable to the intended audiences
  • Address all relevant issues and risks for specific policy in a concise fashion
  • Monitor, review, and update policies as needed in a systematic way
  • Analyze the reasons if specific policies are not being followed
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