Developing the Personnel Budget

It’s often said that people are the greatest asset of any organization, and costs associated with people are often the largest portion of a local government’s operating budget. People are also complicated—they move around in the organization; they get raises; they change their benefit elections; they earn overtime, premium pay, and bonuses; they take leave; they retire.

Managing all these variables is enough to frustrate even the most-seasoned finance professional. To help de-mystify personnel budgeting, GFOA has recently updated its Best Practice “Developing the Personnel Budget.” This session will provide an overview of the Best Practice and advice from finance professionals on how they approach personnel budgeting. Panelists will also walk through an assessment checklist you can use to determine if your government is meeting the Best Practice and identify steps you can take if you are not.