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Be prepared: long-term financial planning in San Clemente, California.
Government Finance Review
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April 01, 2004 |
Gudgeirsson, T. Pall |
COPYRIGHT 2004 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
"About the time we can make the ends meet, somebody moves the ends."--Herbert Hoover
The National Advisory Council on State and Local Budgeting recommends that "a government ... have a financial planning process that assesses the long-term financial implications of current and proposed policies, programs, and assumptions and that develops appropriate strategies to achieve its goals." (1) A long-term financial plan can be defined as a plan that identifies fiscal issues and opportunities, establishes fiscal policies and goals, examines fiscal trends, produces a financial forecast, and provides for feasible solutions. As a strategic document, a long-term financial ...
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Source: HighBeam Research, Be prepared: long-term financial planning in San Clemente, California.