Finances and budgeting are some of the most challenging aspects of local government. The complexities of the rules and laws governing public finance, the ever-increasing demands for services, and the limited revenue sources available to Wisconsin local governments make knowledge of the “tools” of government financial management essential for good decision-making. This web page provides a series of financial management presentations and supporting documents intended to familiarize the local government official with the various components of good local government financial management.
#1 “Basics of Local Government Financial Management” – (PowerPoint file, 96 kb, 24 slides) This presentation discusses the basic components of local government finance and some of the differences between private and public finance.
#2 “Local Government Budgets” – (PowerPoint file, 346 kb, 31 slides) This presentation covers the requirements and components of a GASB compliant local government budget.
#3 “Using Net Present Value to Evaluate the Value of Money Over Time” – (PowerPoint file, 104 kb, 34 slides) This presentation discusses how the value of money changes over time related to interest rates, inflation, and other related factors. It includes both written and Microsoft “Excel” formulas for determining the time value of money.
#4 “Impact Fees” – (PowerPoint file, 156 kb, 33 slides) This presentation discusses the specifics of impact fees and their uses in Wisconsin.
#5 “Debt Management” – (PowerPoint file, 121 kb, 46 slides) This presentation discusses borrowing and the management of public debt.
#6 “An Introduction to Capital Planning” – (PowerPoint file, 98 kb, 33 slides) This presentation introduces the concept of capital planning and what goes into a capital improvement plan.
#7 “Performance Measurement and Performance Based Budgeting (PBB)” – (PowerPoint file, 112 kb, 22 slides) This presentation is intended to familiarize viewers with the basic concepts of performance measurement, benchmarking, and performance/outcome-based budgeting.
These links are to the Performance Measurement Manual and its Appendix which are the companion pieces to the #7 and #8 presentations. The manual and its appendix provide a step by step discussion of using performance measurement for program improvement and budgeting and includes examples of using performance measurement in a problem solving scenario and a strategic planning scenario.
Performance Measurement Manual – (Microsoft word file, 651 kb, 68 pages)
Performance Measurement Manual – Appendix – (Microsoft word file, 53 kb, 2 pages)
#8 “Performance Measurement and Performance Based Budgeting (PBB)” – (PowerPoint file, 557 kb, 95 slides) Instructional Version.
#9 “Local Government Budgets: Approaches and Traits” – (PowerPoint file, 180 kb, 20 slides) This presentation discusses the various types of budgets commonly used by local governments; how they differ; the reasons they are used; and how to transition from one to another.
#10 “Audits” – (PowerPoint file, 140 kb, 17 slides) This presentation discusses the various types of audits applicable to local governments, what they mean, and how they are used in borrowing.
#11 “Debt Indicators” – (PowerPoint file, 608 kb, 31 slides) This presentation discusses debt and financial condition related to debt.
#12 “Bonds and Bond Ratings” – (PowerPoint file, 170 kb, 39 slides) This presentation discusses the specifics of and reason for issuing bonds at the local government level and further explains bond ratings and why a good bond rating is important.
#13 – This presentation is in progress.
#14 “Cost Benefit Analysis” – (PowerPoint file, 180 kb, 30 slides) This presentation discusses how to perform a cost/benefit analysis to be used in local government decision-making.
#15 “Efficiency Approaches” – (PowerPoint file, 240 kb, 11 slides) This presentation discusses five common efficiency approaches being considered in local government financial management.
#16 “Lean Government” – (PowerPoint file, 292 kb, 34 slides) This is a DRAFT presentation that discusses the basic principles of Lean Government, the components used to implement a Lean Government program, and a short success story.
These presentations are currently in draft form and subject to updates.
Author of this series is Alan Probst, former Local Government Specialist.
Contact person for this series: Yunji Kim (firstname.lastname@example.org), Local Government Specialist.