Step 3: Develop Strategies to Close the Gaps.

Strategies should be adopted and implemented to achieve goals by closing identified gaps.

Best Practices in Community College Budgeting

A. Research proven strategies and practices. If possible, apply already proven strategies to achieve goals.
B. Develop strategies. A college should adopt strategies that address root causes of the challenges the college faces, that align with the college’s budgeting principles and policies, that are consistent with proven practices and that provide a coherent set of action steps for implementation.

 

GFOA Best Practices

  • Establishment of Strategic Plans. GFOA recommends that all governmental entities use some form of strategic planning to provide a long-term perspective for service delivery and budgeting, thus establishing logical links between authorized spending and broad organizational goals.

 

Other Resources

 

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