Incremental Steps to Move Away from Incremental Budgeting

CPE Credits: 
1.5
Session Time: 
Wednesday, May 27, 2020 - 11:00am to 12:15pm
Field of Study: 
Finance
Level: 
Intermediate
Description: 

Incremental budgeting is easy, convenient, and readily accepted as a standard process in government. But is it the best approach?  Incremental budgeting can make  it difficult to reallocate funding based on current priority, compare funding to service levels or performance, or facilitate strategic long-term decision making. Unfortunately, many governments never test what is best because changing a key organizational process is difficult. This session will provide a plan forward using smaller (achievable) steps to build a better budget process. Speakers will discuss how they were able to initiate efforts to reform the budget process and how they overcame common challenges along the way.

Speakers: 
Speaker
Finance/Accounting Consultant
University of Tennessee Municipal Technical Advisory Service
Speaker
Director of Finance
City of Milpitas, CA
Speaker
Budget Director
Anoka County, MN