Budgeting Best Practices: Budget Monitoring and Performance Measures

Training Type: 
Live Class
Date and Time: 
Oct 6 2020 - 8:30am to 4:30pm  MDT
Region: 
Mountain
Location: 

Denver, CO (The Curtis a Doubletree by Hilton)

1405 Curtis Street
Denver, CO 80202
United States
Level: 
Intermediate
Field of Study: 
Finance
CPE Credits: 
8
Member Price: 
$445.00
Non-Member Price: 
$665.00
Prerequisite: 

Experience and knowledge in local government budgeting.

Who Will Benefit: 

This session is designed for any local government personnel responsible for monitoring the budget and/or developing performance measures.

Program Description: 

The annual budgeting process requires major effort across the organization to prioritize available resources on services for the community served.  Once the budget is approved, the focus on the budget diminishes, only to return at the beginning of the next budget development cycle.  But what happens “in-between” budget preparation is more important than most realize.

Budget monitoring and performance management are key tools to regularly examine an organization's operations to identify any potential shortcomings and to find ways to make early course corrections.

This session will include examples and discussion on monitoring and performance measurement practices and how these relate to GFOA's best practices on these two essential topics. 

Seminar Objectives: 
  • Understand the value of monitoring the budget and learn methods you can use to monitor the budget
  • Learn how to get people involved in monitoring the budget
  • Learn what to do when the budget gets off track
  • Learn how performance measures can help your organization
  • Identify characteristics of useful performance measures
  • Learn strategies you can use to overcome common challenges related to utilizing performance measures to guide organizational decision-making
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