Governments are subject to financial shocks, including natural catastrophes, recessions, and more. Financial reserves (a “rainy day” fund) are essentially a form of self-insurance that governments use to buffer themselves against these risks. But what are the risks governments should be concerned about and what size of reserves are appropriate to those cover risks?

Speakers in this session will answer these questions and more. Participants will leave with resources and strategies to apply risk-aware and risk-savvy thinking to reserves in their own organizations.

Who Will Benefit: Budget Manager, CFO/Finance Director, Controller

• Discuss what financial reserves are and how they are helpful to local government.
• Describe how a local government applied a risk-based analysis to their reserves.
• Learn different options for how local governments can analyze their risks.
• Discuss how to develop a comprehensive reserve policy.