Fiscal Management Strategies for Local Government Officials 4-21-25 and 4-22-25 Virtual

The course will take place on 2 separate mornings.

As an elected or appointed official, you are familiar with the challenge of “doing more with less.” This intensive 6-hour course is designed to provide municipal officials with a review of essential fiscal management principles and practices. The course covers a wide range of key elements for building financial stability for local government.

Successful fiscal management in municipalities involves several key components, including effective budgeting, diverse revenue resources, and robust fiscal management techniques and controls. Municipal officials play crucial roles in overseeing these processes, ensuring compliance with regulations, and maintaining financial stability. However, pitfalls such as poor planning, inadequate revenue generation, and lack of oversight can lead to financial distress. Understanding the responsibilities of municipal authorities and implementing sound fiscal management practices are essential to avoid these pitfalls and ensure the effective use of public funds.

Topics:

• Key components of successful fiscal management
• Municipal Official roles and responsibilities
• Pitfalls leading to financial distress
• Revenue Resources
• Budgeting
• Fiscal Management Techniques and Controls
• Municipal Authorities

At the end of this course, you can expect to be able to:

• Identify and explain the 7 essential components of successful fiscal management
• List and execute the duties and legal obligations of elected and appointed officials
• Analyze various revenue sources available to municipalities
• Develop goals for municipal services and guidelines prior to the budget process
• Specify key fiscal management techniques and internal controls for your municipality