Making the Case for Long-Term Financial Planning
Course Overview
The role of government is to serve the community not only today, but also in the future, and to do so, governments need to engage in long-term financial planning. Understanding long-term financial and demographic trends and potential risk factors allows finance professionals to address issues that might threaten the community’s long-term financial sustainability. This course will provide an overview of what long-term financial planning is, the steps involved, and the benefits it provides so that you can make the case for your organization to develop a long-term financial plan. This course should take approximately one hour to complete.
Learning Objectives
- Differentiate long-term planning from other practices that fulfill a different combination of planning purposes.
- Explain the different reasons why government agencies may engage in long-term planning.
- Communicate the benefit of long-term planning practices to various government and community stakeholders.
- Locate the tools and resources available to facilitate long-term planning.