Budgeting and Forecasting, Capital Planning and Asset Management

Preparing and Implementing a Capital Improvement Plan

Course Overview


Preparing and Implementing a Capital Improvement Plan





Field of Study



Budgeting and Planning / Capital Planning and Asset Management


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


16 (Group-Live) / 9 (E-Learning)

Capital assets are the largest investments for most governments: from planning, to financing, to construction, to operations, maintenance, and replacement. Therefore, making generational investments and maintaining capital infrastructure in the condition necessary to preserve and enhance your community’s vitality and quality of life takes forethought and planning.

This course will walk you through examples using best practices in long-range capital planning, budgeting, and asset maintenance planning as a foundation to discuss successful methods and many of the common challenges associated with the process.

Learning Objectives

Those who successfully complete this seminar should be able to:

  • Learn the importance of preparing a long-range capital plan
  • Identify the key characteristics of an effective capital planning process
  • Learn what information you need to initiate an effective capital planning process
  • Leverage existing work from across departments in the development of the capital plan
  • Identify common obstacles to developing a long-range capital plan and learn strategies to overcome them
  • Develop strategies for incorporating meaningful stakeholder participation in your capital planning process
  • Learn how capital project budgeting differs from the operating budget and how the capital budget can be incorporated into the annual operating budget
  • Gain a better understanding of the role and responsibility of the finance officer in preparing a capital improvement plan
  • Differentiate capital planning priorities and strategies between new projects and existing infrastructure asset management
  • Explore the importance of asset management on the capital plan and its relationship to the operating budget

Who Will Benefit

CFO/Finance Director

Budget Manager

Budget Analyst

Debt Manager

Department Director

Schedule and Sample Agenda




Day 1

Day 2

Day 3

Group Live

16 CPE

8 Hours

8 Hours



3 Hours

3 Hours

3 Hours

Course Instructors

This course is taught by experienced capital management practitioners and GFOA staff. Instructors will be familiar with GFOA best practices, are subject matter experts, and have experience as an analyst, finance director, budget director, CFO, or CEO of various size local governments.