When developing budgets, competing interests make it impossible to satisfy all stakeholders. Add to this the vast complexity of report - departments, cost centers, and funds, oh my! It's an almost impossible task to understand for those not involved in preparing the budget. Too often, this results in budget decisions being contested and calls for justification.
This year demonstrate the context, constraints, and consequences of the various budgeting options they may favor.
See how the City of Tacoma engages residents to address the impact of COVID-19 on its budget.
More on communicating financial information:
COVID-19 has hit some public sector budgets hard! See why some organizations are choosing to educate and engage residents with budget simulations for stakeholder buy-in.READ MORE
Communicating complex information is a challenge faced everyday by finance & budget departments. This article explores one key to success - readability.READ MORE
Accessibility - Why should finance & budget professionals care? What do the laws (3!) require? How can you comply? This article provides the answers.READ MORE
Budget book automation provides massive value for universities & governments by reducing time investment, eliminating errors & more. Here's why...READ MORE
The bonus for us was their (FHB's) knowledge and understanding of the internal processes municipalities experience during year-end preparations and the audit. This meant that we didn’t need to spend time explaining how we operate. (read more...)
I am certainly happy we implemented CaseWare. I easily saved 40 hours of time. Plus, we saved $8,000 on our audit fees because of the time it saved the auditors. We expect it will get faster and better yet! (read more...)
F.H. Black understands municipal accounting. There’s a tremendous knowledge base within the company and they use that knowledge to come up with strategic recommendations that really help us leverage the software to our best advantage. (read more...)
FHB had a comprehensive understanding of GASB requirements and the process needed to build a compliant report. FHB was able to provide great suggestions as to format as well as ensure we were able to keep the spirit of the report we provided previously. (read more...)