Budgeting and Forecasting, Compensation and Benefits

Budgeting Best Practices: Budget Monitoring and Performance Measures

Course Overview

Title

Budgeting Best Practices: Personnel Budgeting

Level

Intermediate

Prerequisite

General familiarity with government budgeting

Field of Study

Finance

Topics

Budgeting and Planning / Compensation and Benefits

Format

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

CPE

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

While it can vary from one government to the next, it’s very common for the single highest expense in a public-sector body to be related to its people and their related expenses, including health and retirement benefits. But unlike other types of spending, responsibility for understanding and managing this category may be shared – often between the finance and human resource departments. As a result, some people may not comprehensively understand how personnel drives costs.

This course will cover the fundamental aspects of personnel budgeting and focus on ancillary areas that impact a government’s bottom line, ranging from health benefits to prevailing wages to pensions. Several tools and approaches to personnel budgeting will be discussed and debated among course participants.

Learning Objectives

Those who successfully complete this seminar should be able to:

  • Identify personnel issues unique to the public sector that can complicate development of a personnel budget
  • Learn different ways to categorize personnel classifications
  • Learn how to develop a hiring plan
  • Learn strategies for budgeting for vacancies, retirements, etc.
  • Learn how collective bargaining can affect the budget
  • Identify different approaches to employee compensation
  • Understand how staffing levels can affect to goal achievement
  • Understand cost allocation concepts and methods

Who Will Benefit

CFO/Finance Director

Budget Manager

Budget Analyst

Department Director

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

March 29-30, 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.