The role of government is to serve the community not only today, but also in the future, and to do so, governments need to engage in long-term financial planning. Understanding long-term financial and demographic trends and potential risk factors allows finance professionals to address issues that might threaten the community’s long-term financial sustainability. This course will provide an overview of what long-term financial planning is, the steps involved, and the benefits it provides so that you can make the case for your organization to develop a long-term financial plan. This course should take approximately one hour to complete.
Learning Objectives
Differentiate long-term planning from other practices that fulfill a different combination of planning purposes.
Explain the different reasons why government agencies may engage in long-term planning.
Communicate the benefit of long-term planning practices to various government and community stakeholders.
Locate the tools and resources available to facilitate long-term planning.
CPE Credits: 1
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