Best Practices in Budgeting: Budget Monitoring/Performance

Training Type: 
Live Training
Date and Time: 
Mar 10 2020 - 8:30am to 4:30pm  MDT
Region: 
Mountain
Location: 

Albuquerque, NM (Hyatt Regency Albuquerque)

330 Tijeras Ave NW
Albuquerque, NM 87102
United States
Level: 
Intermediate
Field of Study: 
Finance
CPE Credits: 
8
Member Price: 
$405.00
Non-Member Price: 
$605.00
Prerequisite: 

General familiarity with government budget documents

Speakers: 
Senior Program Manager
GFOA
Director of Finance/Information Technology
City of Lake Forest, Illinois
Who Will Benefit: 

This session is designed for any local government personnel responsible for monitoring the budget and/or developing performance measures.

Program Description: 

Budget monitoring and performance management are key tools to regularly examine an organization's operations to identify any potential shortcomings and to find ways to make early course corrections.

 This session will include examples and discussion on monitoring and performance measurement practices and how these relate to GFOA's new and recently updated best practices on these two essential topics. 

Seminar Objectives: 
  • Understand the value of monitoring the budget.  What methods makes more sense?  When?
  • Ways to spread the work and responsibility of keeping a watchful eye on the budget.
  • What to do when the budget gets off track.
  • What performance measures are and what they aren’t.  Characteristics of useful ones.
  • What do performance measures help your organization accomplish?
  • Understand the advantages and key challenges when developing and utilizing performance measures to guide organizational decision-making.
Recommended Other Reading: 

GFOA Best Practices –

Budget Monitoring

Performance Measures