Budgeting and Forecasting

Budgeting Best Practices: Budget Monitoring and Performance Measures

Course Overview

Title

Budgeting Best Practices: Budget Monitoring and Performance Measures

Level

Intermediate

Prerequisite

General familiarity with government budgeting and operations

Field of Study

Finance

Topics

Budgeting and Planning

Format

Offered Both as Group-Live Class and E-Learning Opportunity

CPE

8(Group-Live) / 6 (E-Learning)

The annual budgeting process requires major effort across the organization to prioritize available resources on services for the community served. Once the budget is approved, the focus on the budget diminishes, only to return at the beginning of the next budget development cycle. But what happens “in-between” budget preparation is more important than most realize.

Budget monitoring and performance management are key tools to regularly examine an organization's operations to identify any potential shortcomings and to find ways to make early course corrections. This session will include examples and discussion on monitoring and performance measurement practices and how these relate to GFOA's best practices on these two essential topics.

Learning Objectives

Those who successfully complete this seminar should be able to:

  • Understand the value of monitoring the budget and learn methods you can use to monitor the budget
  • Learn how work with other stakeholders to monitoring the budget
  • Learn what to do when the budget gets off track
  • Learn how performance measures can help your organization
  • Identify characteristics of useful performance measures
  • Learn strategies you can use to overcome common challenges related to utilizing performance measures to guide organizational decision-making

Who Will Benefit

CFO/Finance Director

Budget Manager

Budget Analyst

Department Director

Controller

Auditor

Purchasing Manager

Schedule and Sample Agenda

Format

Agenda

CPE

Day 1

Day 2

Group Live

8 CPE

8 Hours

E-Learning

6 CPE

2.5 Hours

2.5 Hours

Register

Scheduled Offerings

Format / Location

February 23-24, 2021

E-Learning

September 23-24, 2021

E-Learning

Note: Due to the COVID-19 pandemic, GFOA has cancelled all Group-Live training events through September 2021.

Course Instructors

This course is taught by experienced budgeting practitioners and GFOA staff. Instructors will be familiar with GFOA best practices and have experience as finance director, budget director, or CEO of various size local governments.