Estimates not Promises: How to Talk About Budget Numbers With Your Council

Session Time: 
Sunday, May 18, 2014 - 2:40pm to 3:30pm
Room: 
101 DEFG
Speakers: 
Moderator
Budget Officer
City of Boulder, CO
Speaker
Executive Director
ProbabilityManagement.org
Speaker
Chief Financial Officer
City of Colorado Springs, CO
Field of Study: 
Finance
CPE Credits: 
1
Description: 

Financial management is filled with uncertainties, such as predicting future revenues and deciding what size of financial reserve is necessary to cover risks. Communicating such uncertainties to elected officials and staff can be a real challenge. This session will discuss how to present the uncertainties in financial management and provide experiences from practitioners who have used these methods. Sam Savage, author of the book Flaw of Averages and an internationally known expert on managing uncertainties, will be featured.

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