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Government financial series: How long-term financial planning helps save critical resources part 1

Taking a long-term view

Many CFOs and finance directors are so busy with daily firefighting that they lack time for the long view of financial management. Yet, actions today have direct, major consequences for your governmental entity 10 and even 20 years from now. We’ll provide an overview of why long-term financial planning is important and what its components are as well as what benefits it can deliver.

What you'll learn

  • Learn what a long-term financial plan is and how it works within a governmental entity
  • Understand the elements that make up the long-term financial planning process
  • Identify the various roles needed to support long-term financial planning
  • Recognize the sustainability and other benefits of long-term financial planning

Who should watch

  • Elected officials for state and local governments
  • Government administrators, department heads, finance officers, budget managers and budget analysts
  • Citizens interested in how government finance affects a community

Additional information

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How to create and implement a long-term financial plan

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Connect with Mike

Mike Lowry, CGFM
Senior Vice President,
Assurance Services

Mike Lowry joined CPA and advisory firm Allen, Gibbs & Houlik, L.C. (AGH) in 2004 and specializes in governmental and not-for-profit clients. Prior to joining AGH, Mike’s experience includes nearly 20 years’ financial and technology leadership positions in hospitality management companies.

Mike is a CPA with a bachelor of business administration degree in accounting from Wichita State University and a master’s degree in management information systems from Friends University. He has earned the designation of Certified Government Financial Manager from the Association of Government Accountants, and is also a member of the American Institute of CPAs, the Kansas Society of Certified Public Accountants, and the Association of Government Accountants.