Local government financial professionals looking to gain a better understanding of the risks facing their organization in order to develop a risk reserve
How much money do you need to hold in reserve for your community? Too little could leave you exposed to unexpected losses. Too much could meet with disapproval from your appointed or elected officials. The right amount of reserves requires you to know your risks. What is the probability of an undesirable event and how big of a loss might that cause you? At this webinar, you will learn how to develop a risk model that defines your biggest risks and their potential impact, and present that information to decision makers. We will show how this helps elected and appointed officials better understand their appetite for risk and reach agreement on a level of reserves that is right for the community.
- Understand the connection between the risks you face and your reserves
- Learn techniques to estimate the risk you face from extreme events
- See how to discuss risks with decision-makers, like elected officials