Getting started
Long-term financial planning is a best practice, says the GFOA. But how do you get started? Part 2 of our Long-Term Financial Planning series reviews the elements of a long-term financial plan and how it creates a roadmap for the entity’s financial environment. We’ll cover aspects of an environmental scan, revenue and expenditure forecasting, budget monitoring and reporting, and key financial ratios.
What you'll learn
- Understand how the elements of a long-term financial plan work together
- Identify factors that should be included in an environmental scan, revenue and expenditure forecasting, budget monitoring and reporting
- Learn key financial ratios and what they mean
- Recognize the relationship between long-term financial planning and the entity’s decision-making
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